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 a 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 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.