Institutional Investors Mandates & RFPs

New Mexico to complete emerging market search

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The $9.6 billion New Mexico Educational Retirement Board plans on selecting one or more long/short managers next month in the emerging markets space to manage roughly $77 million.

According to Bob Jacksha, chief investment officer of New Mexico Educational Retirement Board, officials collected all the RFP submissions some time ago and are no longer accepting submissions from managers in this space.

An asset allocation study conducted by NEPC concluded that the Educational Retirement Board needed to increase its fixed income allocation via investments in core bonds, opportunistic credit and emerging market debt.

An RFP issued earlier this year