New Mexico Public Employees Retirement Association, Santa Fe, is looking for two managers to run investment options for its $317 million 457 plan — one for global real estate and one for emerging markets equities — said Joelle Mevi, deputy director of investments for the association.
Interested managers should contact Mercer, the plan’s consultant, which will conduct the search.
The association, which oversees $10.5 billion in assets, is also adding inflation-protected bonds to the allocation of its set of six lifestyle funds, Ms. Mevi said.
The plan has 16 investment options plus a series of lifecycle funds. Nationwide Retirement Solutions is the plan’s record keeper.
Separately, the association issued an RFP for actuarial services, including but not limited to, annual valuations of all funds, consulting and services related to legislation, technical advice and general consulting services, according to the association’s website.
The four-year contract of incumbent Gabriel Roeder Smith is expiring, said Terry Slattery, executive director. The firm can rebid.
Requests for the RFP can be sent to Mr. Slattery in care of Jane Clifford by e-mail at [email protected]
RFP responses are due April 12; the board is expected make a selection at its May 27 board meeting