New Mexico Public Employees Retire-ment Association, Santa Fe, will start a search for a domestic equity index manager in June.
Deutsche Asset Managements four-year contract as manager of an S&P 500 index portfolio and a Russell 1000 growth index portfolio, each with $650 million, will expire in September, said Robert Gish, executive director.
The $8 billion pension fund is sending out an open RFP to managers capable of managing passive portfolios based on more than one index. It intends to hire one firm capable of managing more than the current portfolios. Deutsche can re-bid. RFPs will be due back in early July.
Callan is assisting.