New Mexico Public Employees Retirement Association, Santa Fe, will send out RFPs in the next six months for one or two active domestic large-cap managers to run a total of $1 billion, said Robert E. Gish, director of the $8.5 billion system. Funding will come from terminating active domestic large-cap value managers Sanford C. Bernstein, which managed $600 million, and Brinson, $400 million. "We are conducting the search because we can no longer extend Bernsteins and Brinsons contracts, said Mr. Gish; state law limits the fund to four-year contracts and a maximum four years of extensions
Managers can contact Mr. Gish at (505) 827-4703. Deadlines have not been established, but a final decision will be made by January, he said.