New Mexico Public Employees Retirement Association, Santa Fe, will issue an RFP within the next two weeks for one or more international equity managers to run up to $800 million to meet a 15% target established by an asset allocation study, said Fred Reynolds, deputy director of investments for the $6 billion fund. Proposals will be due 30 days later. The portfolio style hasnt been determined. The money will come from $700 million in current bond allocations and $100 million in domestic equities. Incumbent bond manager Capital Guardian is expected to bid for the international equity portfolio, he said.