New Mexico Public Employees Retirement Association, Santa Fe, terminated Reams Asset Management for performance, said Robert E. Gish, director of investments; it ran $500 million in active domestic fixed income for the $9.4 billion fund. The money was distributed among the existing fixed-income managers, he said. Barclays Global Investors now runs $800 million in a Lehman Government and Credit index fund; Fiduciary Trust and Western Asset, $500 million in active domestic core-plus; Smith Breeden, $500 million in core and $400 million in mortgages; Goldman Sachs, $500 million in mortgages; and Loomis Sayles, $150 million in high yield.
Mark M. Egan, managing director, fixed income, at Reams Asset Management, did not return calls by press time seeking comment.
