New Mexico Public Employees Retirement Association, Santa Fe, is searching for at least one manager to run a master limited partnership portfolio of $40 million to $150 million, confirmed Christina Keyes, portfolio manager, real assets.
It is the $13.2 billion pension fund's first entry into MLP, Ms. Keys said in a telephone interview. The portfolio will be part of the pension fund's real assets allocation and is part of the pension fund's efforts to bring the allocation up to its 5% target. Ms. Keys said the current actual allocation to real assets is 3%.
The RFP is available on the pension fund's website. Proposals are due at 5 p.m. PST on Nov. 8. A timetable for a decision has yet to be determined.