The University of New Mexico, Albuquerque is seeking an investment adviser to manage the investment activity of its pooled endowment fund portfolio, according to a request for proposal (RFP) listed on the university’s procurement site.
The investment consultant will manage the University of New Mexico and the University of New Mexico Foundation’s Consolidated Investment Fund (CIF), which was valued at $459.9 million as of June 30, according to a description of the scope of work.
The term of the contract will be for a period of three years and will automatically renew for two successive one-year periods afterward, according to the RFP. Aon Hewitt Investment Consulting is the fund’s current investment consultant and is eligible to rebid.
The university said it is seeking candidates who have at least five years of experience providing investment consulting services, among other criteria.
The CIF has an 8 percent target to real assets, comprising real e
