Southwest Initiative Foundation, Hutchinson, Minn., is asking for information from money managers as well as other asset owners and academics about investment choices the $80 million foundation should consider.
The foundation plans to “gather information about key choices for SWIF to consider before proceeding to a formal request-for-proposal process to select” one or more providers, according to the RFI.
The foundation plans to review asset allocation issues, including the use of active, enhanced index or passive strategies; and mean-variance optimization vs. dynamic or adaptive strategies. “Respondents should focus on forward-looking analyses using the economic drivers of various asset classes as they are reflected in the market structure of today,” the RFI said.
The RFI is on the foundation’s website. The deadline for information is July 27.
The foundation is one of six regional independent community organizations in Minnesota. They were created in the 1980s by the Minneapolis-based McKnight Foundation, which manages $2 billion in philanthropic assets of the family of William L. McKnight, former president and CEO of 3M Co.