Alabama Trust Fund, Montgomery, is seeking an investment consultant for the $3.3 billion sovereign wealth fund overseeing the state’s oil and gas royalties.
The search is being conducted because the fund’s contract with its current consultant, Callan, is expiring early next year, said Cory Rambo, director of the trust fund’s fiscal operations division. Callan is invited to rebid.
The RFP is available on the trust fund's website. Proposals are due 5 p.m. EDT Oct. 14.
A selection is expected to be made before the end of the year, Mr. Rambo said.