Framingham State University, Framingham, Mass., is seeking proposals from investment management firms to run a portion of its $54.7 million portfolio.
The initial investment will likely be restricted to a part of the portfolio's $8.6 million foundation funds.
The RFP is available on a Massachusetts' procurement website. Proposals are due by 2 p.m. EDT on April 15. At least one manager is expected to be approved by the university on April 27.
Further details could not be learned. John Budron, the university's procurement and contracts manager, declined to provide additional information.