Institutional Investors Mandates & RFPs

New Mexico issues RFP for emerging debt


The $9 billion New Mexico Educational Retirement Board issued a RFP for emerging markets debt mandates that are for both long-only and hedged funds.

The initial mandate is for a long-only manager, but has a focus on locally denominated sovereign or corporate debt with a performance objective of annualised returns net of fees that exceeds the JP Morgan Government Bond Index – Emerging Markets index or another benchmark approved by the pension fund. The second mandate is for an emerging markets debt manager with a hedged/absolute return (alpha oriented) approach.

The mandate is