New Mexico Educational Retirement Board, Santa Fe, hired Pictet Asset Management to manage about $100 million in an active emerging markets debt portfolio and committed $100 million to Brookfield Asset Management for active domestic REITs, Bob Jacksha, chief investment officer, wrote in an e-mailed response to inquiries.
Funding for the Pictet portfolio is coming from a general rebalancing as part of a new asset allocation approved by the $9.4 billion fund’s board in October. The REIT mandate is from the fund’s existing REIT allocation.
