University of Kentucky, Lexington, is searching for one or more firms to manage diversified inflation strategies for its $1.2 billion endowment, said an RFP on the university's purchasing website.
The reason for the search along with a funding source could not be learned by press time.
The university is looking for both illiquid and liquid strategies. About $35 million to $40 million will be allocated to illiquid strategies; a size for the liquid allocation has not been determined.
The endowment has a 10% target allocation to diversified inflation strategies. About $84 million is invested now with Wellington Management.
The RFP is available on the university's purchasing website. Proposals are due Sept. 1. Finalist presentations are tentatively scheduled for Sept. 28 to Sept. 30. A hiring date has not been set.
Investment consultant RVK is assisting.
Todd Shupp, chief investment officer, could not immediately be reached for additional information.
