Multi-Asset/Investment Advisor
Public Trust Advisors currently provides investment advisory services for the city.
The city issued a similar RFP for investment advisory services in 2019.
The investment advisor will be response for more than $13 billion in assets.
The foundation is conducting the search for standard due diligence purposes and its incumbent advisor is allowed to rebid.
The $604 million portfolio is currently managed internally by the city.
The city currently works with Meeder Investment Management.
The fund is seeking a firm to provide services for its long-term investment pool to compare the offerings of other firms as it has utilized the same advisor for the last two decades.
The selected firm will provide investment advisory and portfolio management services for its $315 million in operating and capital funds.
The agency is seeking the services on behalf of its $129 million investment portfolio.