The foundation is conducting the RFP process to fulfill its fiduciary duty.
The new investment advisor’s contract went into effect on Dec. 10.
The county utilities authority is seeking the services for its in excess of $50 million in cash and fixed-income assets.
The $350 million fund is seeking discretionary investment advisory, management and reporting services.
The institution is looking to improve its cash flow management, optimize liquidity and establish a robust treasury management system to enhance its financial stability and maximize investment returns.
The city is searching for a firm to provide the services related to its operating and capital funds totaling approximately $60 million to $70 million.
The advisor will continue providing services for the city’s short- and medium-term investment portfolios.
The district tabled a similar search for services in 2017.
The responsibility for investing the city’s cash and trust funds previously resided with the finance manager and treasurer.
The authority has opted to retain its incumbent following a search launched in September.