New Mexico Educational Retirement Board staff is reviewing the Santa Fe-based pension fund's asset allocation and expects to present a recommended asset allocation at the board's April 20 meeting, Bob Jacksha, chief investment officer of the $9 billion fund, said in an e-mail.
The board's general consultant, NEPC, is assisting.
Separately, New Mexico Educational returned 0.8% for the year ended Dec. 31 and 4.4% for the fourth quarter.
Its best-performing asset class last year was global tactical asset allocation, with a 17% return. Emerging markets equities performed the worst, returning -21.8%.