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JP Morgan Wins New Mexico Mandate
New Mexico Public Employees’ Retirement Association has appointed JP Morgan Asset Management for its small-cap growth equities.
New Mexico Public Employees’ Retirement Association(PERA) has appointedJP Morgan Asset Managementfor its small-cap growth equities,Pensions & Investmentsreports. JP Morgan will manage $150 million in active domestic small-cap growth equities of the retirement association in Santa Fe.
Eagle Asset Managementwas the other finalist selected through a request for proposal, issued in February 2011. The funding for the mandate came after the termination ofState Street Global Advisorsin October 2010, which ran $184 million in a domestic small-cap index fund.
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