Washington seeks tangible assets advice, allocates another $2bn in alts
The $194 billion Washington State Investment Board (WSIB) in Olympia is planning a search for tangible assets consultants as part of a formal RFQ to create a pool of consultants on an as-needed project basis.
The tangible assets portfolio totals $8.7 billion and invests in non-financial assets with physical substance that are used in the production or supply of goods and services. The focus is primarily on four industries: minerals and mining, energy, agriculture and society essentials.
The portfolio began as a separate asset class in 2007 and currently houses 27 underlying . . .
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