New Mexico Public Employees’ Retirement Association (PERA) is looking for an active domestic small-cap pure growth equity manager, Pensions & Investments reports. The selected manager will run $125-150 million for the association.

The funding for PERA will come by reducing TimesSquare Capital Management’s $215 million smidcap portfolio and RBC Global Asset Management’s $220 million small-cap fund. The fund’s general consultant, RV Kuhns, is assisting in the search process.

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