New Mexico Public Employees Retirement Association, Santa Fe, is searching for several fixed-income managers to run a total of $2.1 billion, said Robert Gish, CIO. The $8.4 billion system split its fixed-income allocation into six different styles: core; core plus; high yield; U.S. government; short-term investments; and Lehman Brothers Government & Credit index. Specific portfolio sizes have not been determined.
Current managers are Barclays Global Investors, $800 million in a Lehman Brothers Government & Credit index fund; Fiduciary Trust, $800 million in limited core plus; and Reams Asset Management, $500 million in limited core plus. All three can rebid. RFPs are available by contacting Barbara Montoya, investment officer, at 505-827-4707 or faxing Ms. Montoya at 505-827-6421.