New Mexico State Investment Council, Santa Fe, approved issuing RFPs for a general investment consultant and a private equity consultant, said Charles Wollmann, public information officer.
The council, which oversees $14 billion in assets, expects to have the RFPs on its website possibly as early as within a couple of weeks. A timetable for the searches has not been determined.
Incumbent general consultant NEPC’s contract expires on June 30. NEPC will be invited to rebid.
Former private equity consultant Aldus Equity Partners was terminated in April 2009 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. NEPC has been assisting with the private equity portfolio since then.
The council also plans to launch an RFP for a consultant to assist with its film investment activities. An invitation-only search was begun in March, but council officials decided to open the search to all. No timetable for the RFP was set.
Separately, Steven Moise was permanently appointed as state investment officer. He had been interim state investment officer since March, when he replaced Bob Jacksha, the $8.7 billion New Mexico Educational Retirement Board’s chief investment officer, who had also been interim state investment officer. The last full-time state investment officer, Gary Bland, resigned in October 2009.
