Broward College, Davie, Fla., is searching for an investment consultant for its $77 million foundation.
The college issued a request for letter of interest for a firm to provide investment consulting services including investment policy development, compliance and "proactive recommendations for the investment portfolio and investment manager structure," according to the RFI posted on the DemandStar procurement website.
The name of the current consultant and whether the firm is invited to rebid could not be immediately learned.
As of Sept. 30, the foundation's actual allocation was 59% fixed income, 27% cash and 14% public equities.
The RFI is available on the DemandStar procurement website. Registration is required. Proposals are due at 2:30pm EST on Dec. 6. A timeline for a decision was not provided.
Orlando Aponte, procurement contracting officer, could not immediately provide further information.