The New Mexico Public Employees’ Retirement Association is searching for a new manager, Pensions & Investments reports. The Santa Fe–based association has issued a request for proposal for the same.
The new manager will run $100 million in a new active developed-markets small-cap equity portfolio. Funding for the mandate will come from cutting Northern Trust’s $1.6 billion passive MSCI ACWI ex-U.S. portfolio.
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