Warren Wilson College Endowment Fund, Asheville, N.C., is searching for an active international equity manager and active emerging markets equity manager to run between $5 million and $10 million each in strategies that exclude fossil-fuel exposure.
The endowment is seeking managers that will evaluate fossil-fuel exposure by comparing securities owned to the Carbon Underground 200 coal and oil/gas company listing, said an RFP posted on the website of investment consultant Meketa Investment Group.
The college had announced in a news release in October that it would divest from fossil-fuel holdings in its $55 million endowment over the next five years.
The international equity RFP is available on Meketa’s website. The emerging markets RFP is also available on Meketa’s website. Proposals for both searches are due at 4 p.m. EDT on Aug. 4. A timetable for a decision was not provided.
Meketa’s outsourced CIO subsidiary, Meketa Fiduciary Management, is assisting.
A funding source for the allocations could not be learned by press time.
David Hetzer and Joseph Ferrara, assistant vice presidents at Meketa, did not reply to requests for further information by press time.