Mandates & RFPs

New Mexico issues RFP with separate account focus


The $14 billion New Mexico State Investment Council issued a RFP for a $150 million mandate, which will be nestled within a $650 million absolute return portfolio.

The search, which will close on 2 August, is for a firm to build a diversified portfolio of direct hedge fund investments in a separate account vehicle that is constructed exclusively for New Mexico. The firm hired will be an outsourced chief investment officer style organisation with at least $1 billion under management, and the entity selected to manage the fund must oversee or manage at least $1 billion in hedge