Foundation issues call for investment consultant

The CSULB 49er Foundation, Long Beach, Calif., is searching for an investment consultant, said Michael T. Losquadro, chief operating officer.

The foundation manages a $58.5 million endowment for California State University, Long Beach.

Incumbent consultant Wells Fargo Advisors is invited to rebid.

Wells Fargo also served as the consultant for the CSULB Research Foundation before endowment assets were transferred to the 49er Foundation a couple of years ago. The board of directors wants to take a “fresh look” and see what other firms can provide the services, Mr. Losquadro said.

The RFP is available on the foundation’s website. Proposals are due Jan. 12, with a potential hiring decision on Feb. 13.