The English Schools Foundation, one of Hong Kong's largest education groups, is seeking an investment advisor to manage its $400 million endowment, according to people familiar with the matter. The foundation, which operates 22 schools serving over 17,000 students, is taking steps to optimize its substantial endowment portfolio.

This move comes as educational institutions worldwide face increasing pressure to maximize returns on their endowments while managing risk. The search for a qualified advisor signals the foundation's commitment to professional investment management for its significant financial resources. The endowment likely supports scholarships, facilities improvements, and educational programs across the foundation's network of schools.

The foundation's decision to hire external expertise reflects a broader trend among educational institutions seeking specialized investment management. With $400 million at stake, the selection process will likely be rigorous, involving detailed proposals from qualified firms. The chosen advisor will be responsible for developing and implementing investment strategies that align with the foundation's long-term educational mission.