University of New Mexico, Albuquerque, hired NEPC as investment consultant for its $460 million Consolidated Investment Fund.
The university and its foundation issued an RFP in November due to the impending contract expiration of current consultant Aon Hewitt Investment Consulting.
The university awarded the contract in March to NEPC as consultant of the investment fund, which pools together the assets of the university and foundation's endowments, according to a notice on the university's procurement website.
Aon Hewitt Investment Consulting was invited to rebid, said Kenny Stansbury, the foundation's investment consultant, in a November email. Whether the firm did so could not be immediately learned.
The Consolidated Investment Fund's target allocation is 21.5% each domestic equities and international equities; 20% marketable alternatives; 15% private investments; 13% fixed income; 8% real estate, energy and natural resources; and 1% short-term securities and cash.
Mr. Stansbury could not be immediately reached for further information.
