Cal Poly Pomona Philanthropic Foundation, Pomona, Calif., is searching for a discretionary investment consultant for its $100 million endowment fund and $32 million general investment portfolio.
The foundation, which was established as a public charity on July 1, is soliciting proposals for "a discretionary model such as an outsourced CIO," according to an RFP posted on the foundation's website.
The RFP says the foundation currently has a traditional investment consultant. Which firm provides those services, and whether it is invited to bid, could not be immediately learned.
The endowment fund's target allocation is 35% domestic equities, 30% international equities, 25% fixed income, and 5% each hedge funds and private equity.
The RFP is available on the foundation's website. Proposals are due at 4 p.m. PST on Feb. 28. A selection is expected May 6.
Doug Nelson, chief operating officer, and Diane Rivera, advancement operations coordinator, could not be immediately reached to provide further information.