Request for Information (RFI) for OCIO or Investment Consultant
Waterloo Region Community Foundation (WRCF) is seeking responses to this Request for Information (RFI) for the management of funds totalling $125 Million, incorporating material Environmental, Social and Governance (ESG) considerations.
WRCF welcomes responses to this RFI from a variety of Outsourced Chief Investment Officers (OCIOs) and traditional investment consultants, from boutique consultants intentionally seeking new funds with creative solutions to larger consulting firms influencing larger asset managers and portfolio companies via their active engagement. The term OCIO is used to refer to an investment firm that would have the discretion to implement and monitor the execution of our Responsible Investment (RI) Policy, whether the firm uses its own suite of funds or contracts with unaffiliated asset managers. The key criterion is having discretion over the choice of managers.
WRCF is seeking forward-thinking innovative solutions, supportive of our 100% mission-aligned strategy and compliant with our Responsible Investment (RI) Policy. We take a long-term view to building assets and being effective stewards of those assets to ensure grants are always available to support our community. We believe that those assets are a vehicle to support and amplify our impact. Therefore, we believe that incorporating an analysis of financial as well as material ESG considerations into our investments and active ownership activities, including impact investing, is fundamental to the Foundation’s role as a responsible investor.
If you are interested in participating in this RFI process, please indicate your intention by June 23, 2023, and submit your response by July 17, 2023.
For more details, please check out our RFI document (pdf) and the Responsible Investment Policy (pdf). If you have any questions about the RFI, please contact finance@wrcf.ca by June 21, 2023. A response in the form of a consolidated questions and answers document will be sent via email, to all OCIOs and traditional investment consultants who confirmed their intention to submit a response to this RFI.
We appreciate your time and consideration and look forward to hearing from you!
-WRCF team
