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JP Morgan Wins New Mexico Mandate

New Mexico Public Employees’ Retirement Association has appointed JP Morgan Asset Management for its small-cap growth equities.

New Mexico Public Employees’ Retirement Association (PERA) has appointed JP Morgan Asset Management for its small-cap growth equities, Pensions & Investments reports. JP Morgan will manage $150 million in active domestic small-cap growth equities of the retirement association in Santa Fe.

Eagle Asset Management was the other finalist selected through a request for proposal, issued in February 2011. The funding for the mandate came after the termination of State Street Global Advisors in October 2010, which ran $184 million in a domestic small-cap index fund.

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