New Mexico Public Employees' Retirement Association, Santa Fe, will...

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 hasn’t 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.