New Mexico State Investment Council, Santa Fe, plans to issue RFPs for at least one active core-plus bond manager to run a total of $1.8 billion and for a general consultant, said spokesman Charles Wollmann.
The council, which oversees $14 billion in assets, currently manages core-plus bonds internally, he said.
General consultant NEPC’s contract was set to expire on June 30 but was extended through the end of the year.
Dates to issue the RFPs have not been set.
Separately, the council hired Aetos Capital Management to manage a $150 million hedge fund-of-funds portfolio. Funding will come from redemptions.
The selection follows an RFP launched in June.