New Mexico Public Employees' Retirement Association, Santa Fe, is searching for an active core fixed-income manager to run between $1 billion and $1.3 billion, according to an RFP on the $12.1 billion fund's website.
The portfolio will be benchmarked to the Barclays Capital U.S. Aggregate Bond index.
The contract of the portfolio's current manager, BlackRock, expires June 30. BlackRock managed $1.3 billion as of June 30.
BlackRock is invited to rebid, according to Joelle Mevi, chief investment officer.
The RFP is available at the pension fund's website.
Responses are due Nov. 23. A selection date has not been set.
R.V. Kuhns & Associates, the association's general consultant, is assisting.