New Mexico Public Employees’ Retirement Association, Santa Fe, launched an RFP for a manager to run $100 million in a new active developed markets small-cap equity portfolio, according to the RFP posted on the $12.1 billion association’s website.
The RFP is at www.pera.state.nm.us. Responses are due Sept. 23. A selection date has not yet been determined. Funding will come from reducing Northern Trust’s $1.6 billion passive MSCI ACWI ex-US portfolio, said Joelle Mevi, the system’s chief investment officer.
The search is the result of a 2010 restructuring of the association’s international equity portfolio.