New Mexico State Investment Council, Santa Fe, plans to search for a general consultant and a private equity consultant, said Charles Wollmann, public information officer.
The council, which oversees $13.43 billion in assets, has been without a consultant for its $1.35 billion private equity portfolio since it terminated Aldus Equity Partners last April because of the firm’s link to the pay-to-play scandal involving investments of the $129.4 billion New York State Common Retirement Fund, Albany.
The contract of incumbent general consultant NEPC expires June 30. NEPC will be invited to rebid.
No timetable for issuing either RFP has been set, Mr. Wollmann said. The RFPs will be on the council’s website: http://www.sic.state.nm.us.
Separately, Steven K. Moise was selected as interim state investment officer, Mr. Wollmann said.
Mr. Moise is a member of the New Mexico State Board of Finance.
His appointment is pending approval of the council’s board, which is awaiting four new members yet to be appointed by the state Legislature as part of a new state law reorganizing the council.
He would replace Bob Jacksha, who has been interim state investment officer since the resignation of Gary Bland in October. Mr. Jacksha plans to return to his post as chief investment officer of the $8.3 billion New Mexico Educational Retirement Board, Santa Fe, on April 1.