New Mexico Educational Retirement Board, Santa Fe, launched a search for a real estate and natural resources consultant.
The pension fund’s contract with incumbent Real Asset Portfolio Management expires in mid-April, said Bob Jacksha, chief investment officer for the $11.3 billion pension fund, in an e-mail.
The board is looking for one consultant for both asset classes; it has 7% of its assets in real estate and 4.5% in natural resources.
The RFP is available on the pension fund’s website. Proposals are due March 23. A hiring decision is expected at the June 11 board meeting.