New Mexico State Investment Council, Santa Fe, is in the midst of “an ambitious RFP schedule” to implement a new asset allocation, confirmed Charles Wollmann, spokesman for the $15 billion fund.
The council has four RFPs for investment managers in the process of being launched, according to recently released materials from the council's May 22 meeting. It's also is in the midst of analyzing the responses of three outstanding equity RFPs — developed markets, emerging markets and international small cap. No date has been set for selections.
Since 2010, the council has terminated 11 investment management and consulting firms and selected 17 new firms.
Managers are expected to be hired by March 2013, the materials said.
Searches for transition management, beta overlay, REIT and real assets master limited partnership managers are scheduled to be launched “in coming weeks,” Mr. Wollmann said. However, he added, all nine searches are considered to still be in the planning stages and will be issued “in the coming weeks, months or potentially not at all, depending on the will of the council.”
All of the mandates are new; the number of managers and specific assets under management are to be determined, Mr. Wollmann said.
Real estate/real asset consultant Townsend Group will assist on the MLP and REIT searches, and general investment consultant R.V. Kuhns will assist on the transition management and beta overlay RFPs.
