The New Mexico Educational Retirement Board (NMERB) is seeking proposals from qualified non-U.S. emerging markets debt managers for two mandates, Pensions & Investments reports. The board seeks to appoint a manager to run a locally-denominated sovereign or corporate debt. The system also plans to appoint a manager to manage a hedged/absolute return approach. NMERB, which has set February 18 as the due date for submitting proposals, expects to allot around 2% of total fund assets, or around $180 million, to non-U.S. emerging markets debt strategies.
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