New Mexico May Extend Equity Mandates

The $11.8 billionNew Mexico Public Employees Retirement Associationmay propose to extend contracts of three of its managers,Pensions &Investmentsreports. The proposal includes extending the contracts, set to expire on March 31, 2011, ofRBC Global Asset ManagementandTimesSquareCapital Managementfor two years and a four-year extension ofEaton VanceInvestment Managers’ contract, which is set to expire on June 30, 2011.

RBC runs $200 million in active domestic small-cap growth equities, while TimesSquare manages the association’s $220 million active domestic small/midcap growth equity portfolio and Eaton Vance runs $200 million in active emerging markets equities. The association may also redeem $54 million from theWellington Real Estate Investment Trustdue to an upcoming change in portfolio managers in April or May.

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