The Alaska Community Foundation Announces New Investment Consultant Baird Awarded RFP

The Alaska Community Foundation has selected Baird as its new investment consultant to advise on its $76 million investment portfolio. The Anchorage, AK based foundation conducted a search to uphold its fiduciary responsibilities, and released a Request for Proposal (RFP) for an investment consultant in September, 2017.

The Alaska Community Foundation was seeking a firm to help analyze and hire external managers, review investment policy, strategy, portfolio mix, and consult on the asset allocation model.

The Alaska Community Foundation had 16 responses to its RFP, and conducted an extensive review of these responses over several months. The investment committee selected four finalists to make a presentation, and from those finalists selected Baird.

Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm. Established in 1919, Baird has more than 3,400 associates serving the needs of individual, corporate, institutional, and municipal clients. Baird has $171 billion in client assets under management. Baird’s team, consisting of Joseph Hoon, Patrick Cronin, and John Fitzgibbons said, “We are honored that The Alaska Community Foundation has selected Baird, and Baird looks forward to building a partnership with the Foundation and the communities it serves.”

Baird recently opened an Anchorage, Alaska office.

The Alaska Community Foundation is grateful to all of the firms that responded to its RFP, and wish to personally thank these firms for their efforts.