New Mexico Educational Retirement Board, Santa Fe, launched an RFP for a general investment consultant, said Bob Jacksha, chief investment officer for the $10.2 billion pension fund, in an e-mail.
The consultant will have no discretionary authority over the pension fund's assets, according to the RFP.
Incumbent NEPC will be invited to rebid. NEPC's contract is set to expire Sept. 30. Proposals are due no later than 4 p.m. current MDT on July 22. The four-year contract is expected to start Oct. 1.
The RFP is available on the board's website.