Office of Hawaiian Affairs, Honolulu, is searching for a non-discretionary investment consultant for its $494 million Native Hawaiian Trust Fund, according to an RFP posted on its website.
The office is seeking a consultant to assist its board of trustees in overseeing the sovereign wealth fund's investment management, developing the investment policy and educating the board on its investment management responsibilities.
The office originally issued an RFP in August that was canceled for undisclosed reasons. This reissued RFP does not disclose whether current consultant Segal Marco Advisors is invited to rebid for the services.
The NHTF serves as a perpetual trust and provides financial resources for the office's programs, initiatives and operational expenses. It was established in 1981 to account for OHA's portion of revenues derived from ceded lands held in public trust, according to the RFP.
The trust fund's target allocation is 42% global equities, 19% private markets, 18% global fixed income, 13% hedge funds, 5% global real assets and 3% enhanced liquidity.
The RFP is available on the OHA's website. Proposals are due at 2 p.m. Hawaii Standard Time on March 3. A selection is expected no later than March 24.
Christopher Stanley, OHA procurement manager, could not be immediately reached for further information.
