New Mexico State Investment Council, Santa Fe, hired Bankers Trust to manage an EAFE indexed portfolio.
The portfolio has not yet been funded, but will total 5% of the endowment's $8.5 billion in assets, said Phil Archibeck, state investment officer.
Mr. Archibeck said that active international managers ``will be hired down the road.''
Knight-Ridder Inc., Miami, hired Schroder International for emerging markets for its $750 million pension fund, said Clark Weeks, director/actuary.
Schroder will manage a $10 million portfolio. Funding came from reducing a growth index fund managed by Barclays, which retains $150 million.
Stratford Advisory Group assisted in the change