New Mexico Educational Retirement Board, Santa Fe, hired Fidelity Management Trust to handle $170 million in an enhanced EAFE index portfolio, said Frank Foy, CIO. Funding came from terminating Bank of Ireland, which ran the money in active international equities, Mr. Foy said. Bank of Ireland's four-year contract expired, and state law required an RFP to be issued, he said. Bank of Ireland rebid.
The $6 billion pension plan's asset allocation is 53% domestic equity, 30% domestic fixed income and 17% international equity. Wilshire Associates assisted.