City University of New York is searching for an outsourced chief investment officer for its roughly $250 million portfolio that includes endowed and non-endowed funds, said procurement official Caron Christian.
CUNY currently uses Cambridge Associates as a non-discretionary investment consultant and is seeking further information in general on the other models available. It has not been determined whether the university will move to an outsourced CIO.
The RFI is available on the state’s procurement website. Responses are due by noon EDT on Oct. 13. A timeline for a hiring decision could not immediately be learned.
The portfolio has a target allocation of 21% U.S. equity, 18% each international equity and marketable alternatives, 10% each public real assets, private equity and fixed income, 8% emerging markets equity, and 5% private real assets.