University of Glasgow, Scotland, is searching for money managers to potentially invest in smart beta and active investment styles.
The university did not specify the size of any allocations.
In a notice filed on Scottish public procurement website Public Contracts Scotland, the university said it is exploring options to invest a portion of assets in active strategies. Should it go ahead with the strategy, it expects to appoint money managers for an initial two years, with the potential to extend the contract for two further one-year periods.
Further details are available on the procurement website. Proposals are due April 19. No hiring date was provided.
The university has a total of £164.3 million ($256.4 million) in endowment assets, said its latest financial statement for the year ended July 31.
Spokesmen at the university could not be reached for comment by press time.