University of Missouri System, Columbia, is searching for a general investment consultant for its $3.7 billion defined benefit plan and $1.7 billion endowment pool, said Thomas F. Richards, treasurer and chief investment officer, in an email.
The system has issued an RFP because current consultant Verus Advisory's contract is expiring in October; Verus is invited to rebid. The chosen consultant also would advise on the $2.3 billion general pool portfolio, which includes the system's cash and operating funds.
The defined benefit plan's target allocation is: 32% public equities; 17% inflation-linked fixed income; 15% sovereign bonds; 10% each, private equity and risk balanced portfolio; 8% real estate/infrastructure; 5% commodities; and 3% private debt.
The endowment pool's target allocation is: 35% public equities; 15% inflation-linked fixed income; 14% sovereign bonds; 10% each, private equity and risk balanced portfolio; 8% real estate/infrastructure; 5% commodities; and 3% private debt.
The RFP is available on the system's purchasing website. Proposals are due at noon CDT on March 22. A timeline for a decision was not provided.
