New Mexico Public Employees Retirement Association, Santa Fe, board is looking at its $6.3 billion equity portfolio to determine whether to use more active strategies among other changes, said Joelle Mevi, chief investment officer of the $11.3 billion pension fund.
R.V. Kuhns, the pension fund's general investment consultant, will conduct a study, which is expected to be completed as early as September, Ms. Mevi said.
The study could lead to RFPs for active equity managers. Currently, 49% of the equity portfolio is actively managed.
Separately, the board at its May 31 meeting committed up to $35 million venture capital fund New Enterprise Associates 14 and $35 million to value-added real estate fund Rockwood Real Estate Partners IX.
