California State University, Los Angeles Foundation is searching for an investment consultant.
The foundation, which has $48 million in endowment assets, is seeking proposals from firms that can assist in the review of investment policy, including asset allocation, conduct manager searches and provide due diligence and research on managers, according to an RFP posted on its website.
The foundation utilizes what the RFP calls a "partial discretionary" model. The foundation's investment and finance committee has decision-making authority regarding investments.
Its endowment's target allocation is 30% fixed income, 26% domestic equities, 24% international equities and 20% alternatives.
The RFP is available on the foundation's website. Proposals are due at 5 p.m. PST on March 10. A selection will made no later than April 28.
Robert Avalos, the foundation's executive director, could not be immediately reached for further information.