New Mexico State Investment Council, Santa Fe, is searching for an active core-plus fixed-income manager to run up to $2 billion, according to an RFP posted on the $14.1 billion council's website.
The investment will include exposure to U.S. Treasuries, asset-backed securities, mortgage-backed securities and TIPS, according to the RFP.
“This core exposure would opportunistically be complemented by exposure to high-yield bonds, bank loans, convertible bonds and other U.S. dollar denominated fixed-income securities,” the RFP states.
Funding will come from the council's internally managed fixed-income portfolio, Charles Wollman, council spokesman, said in a telephone interview.
The RFP is available at http://www.sic.state.nm.us/PDF%20files/NMSIC%20Core-Plus%20RFP%2011-02-10.pdf.
Proposals are due by 8:30 a.m. MST Nov. 30. Proposals must be sent to New Mexico State Investment Office, 41 Plaza La Prensa, Santa Fe, NM 87507, and by e-mail to [email protected] and [email protected]NEPC.com.
The council plans to select a manager on March 1, according to the RFP.