The plan hired two new international equity managers.
Michael Shackelford is the new cio of the New Mexico Public Employees Retirement Association. He took the time to answer 5 questions with FIN News.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
The plan moved its domestic large-cap value equity mandate with a newly established manager.
The commitments to private equity and private debt total $146 million.
The plan will receive a recommendation to hire two duration specialists next week.
The search is open to primary, secondary, co-investment and direct funds.
The new finance director joins from a sister fund within the state.
The new investment officer, who replaces an outgoing officer, will begin next week.