New Mexico Educational Retirement Board has extended its contracts for three international portfolios, Pensions & investments reports. The combined $871 million mandates of Alliance Capital, AllianceBernstein and Baring Asset Management have been extended for two years.
The board also extended for two years the real estate and real assets consultant contract of ORG, which was set to expire in June 2011. Also, Wells Capital Management, which managed $92 million small-cap growth equity portfolio, was terminated because its small-cap growth team left the firm.
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