Truman State University Foundation, Kirksville, Mo., is searching for a discretionary investment consultant, Kimberly Murphy, purchasing supervisor for the university, said in an email.
The $53 million foundation issued an RFP to follow best practices, Ms. Murphy said. Current consultant Commerce Trust Co. is invited to rebid.
The foundation's target allocation is 29% investment-grade fixed income; 16% domestic large-cap value equities; 14% domestic large-cap growth equities; 7% domestic midcap value equities; 6% each domestic midcap growth equities and international equities; 4% domestic small-cap value equities; 3% each emerging markets equities and high-yield fixed income; 2% each domestic small-cap growth equities, international equities, master limited partnerships and real estate investment trusts; and 1% each commodities, bank loans, emerging markets debt and preferred loans.
The RFP is available on the university's website. Proposals are due at 2 p.m. CDT on May 29. A timeline for a decision was not provided.
