The college has modified the timeline to conclude its search for a firm to advise and manage a portfolio to late December/early January from September/October.
The foundation has issued an RFP seeking an investment manager for its endowment as its bylaws require the services be put out for bid every five years.
The town has launched its search for an investment manager due to the impending contract expiration of its incumbent provider, which is allowed to rebid.
The university approved private equity, private real assets and public equity investments with new and existing managers within its endowment and liquidity pools.
Foundations and endowments engaging with investment consultants are increasingly looking for their advisors to take on more responsibility across their portfolios and act like an outsourced cio, according to a recent survey.