New Mexico Educational Retirement Board, Santa Fe, narrowed its search...

New Mexico Educational Retirement Board, Santa Fe, narrowed its search for two EAFE managers to four finalists and is expected to make a decision at its Feb. 12 board meeting, said Frank Foy, CIO. The hirings will diversify the $6 billion fund, Mr. Foy said. Finalists are incumbent Capital Guardian; Bank of Ireland; Putnam; and Morgan Stanley Asset Management. Mr. Foy said each manager will run $300 million; cash will fund half of the $600 million allocation.