New Mexico Educational Retirement Board's investment committee asked NEPC, the $9.5 billion retirement board's general consultant, to refine certain aspects of its asset allocation review for the committee's April 19 meeting, said Bob Jacksha, chief investment officer for the Santa Fe-based board, in an e-mail.
An asset allocation recommendation could be made to the full board as early as its April 20 meeting.
Separately, the investment committee approved a staff recommendation to extend the investment period of the $40 million Real Assets Portfolio Management New Mexico fund, a single limited-partner fund run by Real Assets Portfolio Management, the retirement board's real estate and real assets consultant.
The investment period was set to expire in May. The extension would be until all funds are invested or until the board elects to close the investment period, Mr. Jacksha wrote.