Broward College, Davie, Fla., hired Fund Evaluation Group as investment consultant for its $77 million foundation.
The hiring is pending contract negotiations, according to a posting on the DemandStar procurement website.
The college issued a request for letter of interest for a consultant in November. The name of the current consultant was not available.
Marquette Associates, NEPC and Prime Buchholz were the other finalists.
As of Sept. 30, the foundation's actual allocation was 59% fixed income, 27% cash and 14% public equities.
Orlando Aponte, procurement contracting officer, could not be immediately reached to provide further information.
