New Mexico Public Employees Retirement Association, Santa Fe, hired Parametric Portfolio Associates to manage a $250 million emerging markets equity portfolio and Guggenheim Investments to manage a $185 million high-yield fixed-income portfolio, said Jonathan Grabel, chief investment officer for the $14.8 billion pension fund.
Both selections were made following RFIs: The emerging markets equity search was launched in February, and the high-yield search was launched in March.
Separately, New Mexico PERA officials committed up to $60 million to Rockwood Capital Real Estate Partners X and up $65 million to Ardian Infrastructure Fund IV. The pension fund has invested in prior Rockwood Capital funds; Ardian is a new relationship.
