Searches and Hires

Endowment seeking equity, high-yield managers

Warren Wilson College Endowment Fund, Asheville, N.C., is searching for equity and high-yield managers that exclude fossil-fuel exposure to run a total of $12.5 million, .

The endowment is seeking managers to submit indications of interest in running active or passive strategies for up to $10 million in global equities; up to $5 million in developed-country equities; up to $5 million in emerging markets equities; and up to $2.5 million in high-yield fixed income. The endowment plans to hire managers to run a total of $12.5 million in up to three of the categories named.

The endowment is specifically seeking managers that will evaluate fossil-fuel exposure by comparing securities owned to the Carbon Underground 200 coal and oil/gas company listing. The RFP is available on Meketa's website. Indications of interest are due at 4 p.m. EST on Jan. 31. A timetable for a decision was not provided.

Natalee Sohn, investment analyst at Meketa, referred questions to W. Brian Dana, principal and hedge fund practice leader at Meketa, who could not be immediately reached to provide further information.