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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 elected to retain its incumbent general investment consultant following finalist interviews held last month as a result of an RFP process.
The plan terminated a $475 million emerging markets value equity mandate in May and approved private markets commitments totaling $170 million in June.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
U.S. public pension plans emerged from the global financial crisis battered, but better-prepared to weather future crises, according to a new report.
The global private markets head’s responsibilities have been assumed by other team members.
The firm hired a managing director and deputy portfolio manager to help build and lead the firm’s investment capabilities in structured credit.
The plan added commitments to a credit fund and a private equity fund this summer.
Plan will continue an ongoing review of potential alternative consulting options at next week’s board meeting.
The plan moved its domestic large-cap value equity mandate with a newly established manager.