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New Mexico Picks Pictet, Brookfield
New Mexico Educational Retirement Board has selected Pictet Asset Management as a manager for its $100 million active emerging markets debt portfolio.
New Mexico Educational Retirement Boardhas selectedPictet Asset Managementas a manager for its $100 million active emerging markets debt portfolio,Pensions & Investmentsreports. The retirement board has also committed $100 million toBrookfield Asset Managementfor active domestic real estate investment trusts (REITs).
The funding for the Pictet portfolio is coming from a general rebalancing as part of a new asset allocation approved by the $9.4 billion fund’s board in October 2010. The REIT mandate is from the existing REIT allocation of the portfolio.
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