University of New Mexico, Albuquerque, is searching for an investment consultant for its $460 million Consolidated Investment Fund.
The university and its foundation are seeking a consultant to provide services for the fund, which pools together the assets of the university and foundation's endowments, according to an RFP posted on the university's procurement website.
Aon Hewitt Investment Consulting is the fund’s current investment consultant and is eligible to rebid, said Kenny Stansbury, the foundation’s chief financial officer.
As of March 31, the actual allocation was 24.3% domestic equities; 22.5% international equities; 19.5% marketable alternatives; 14.9% fixed income; 12.8% private investments; 5.1% real estate, energy and natural resources; and 0.9% short-term securities and cash.
The target allocation is 21.5% each domestic equities and international equities; 20% marketable alternatives; 15% private investments; 13% fixed income; 8% real estate, energy and natural resources; and 1% short-term securities and cash.
The RFP is available on the university's procurement website. Registration is required. Proposals are due at 2 p.m. MST on Dec. 15. A timeline for a decision was not provided.
Adam Gonzales, contracts specialist; Jennifer Kemp, foundation spokeswoman; Brett Sletten, purchasing manager; and Jeff Todd, foundation president and CEO; could not be immediately reached to provide further information.