New Mexico pension fund hires real estate consultant
The New Mexico Educational Retirement Board has hired Real Assets Portfolio Management as its real estate consultant. An RFP was issued on the pension fund’s website in March.
RAPM, the incumbent, was the only finalist in the selection process, says Bob Jacksha, CIO of the $11.3 billion pension fund. “They scored the highest in an RFP process,” says Jacksha. “We are very satisfied with their services.”
RAPM’s new contract will begin in a few days and will last four years.