National Association of Attorneys General, Washington, is searching for an investment consultant for its $225 million in investment portfolios.
The non-partisan forum for state and territory attorneys general has issued an RFP as part of its regular due diligence, said Theresia Heller, the association's chief financial officer, in an email.
Current consultant Prime Buchholz is eligible to rebid, she said.
The portfolios, all tax-exempt, are the $94 million General Mission Fund, $61 million Tobacco Enforcement Fund, $29 million NAGTRI Endowment Fund and $7 million Reserve Fund. The remaining $34 million in assets are in five other funds which are used to provide grants to support attorneys general in their investigative work.
The RFP is available on NAAG's website. Proposals are due by June 2. Finalist interviews are scheduled to take place during the week of June 12, with a selection scheduled for June 23.
