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The New Mexico State Investment Council is gearing up to build a beta overlay program. The anticipated size of the RFP mandate is between $500 million to $1.5 billion.

The New Mexico State Investment Council (NM SIC), which oversees roughly $17 billion in state trust assets, is gearing up to build a beta overlay program. The anticipated size of the mandate is between $500 million to $1.5 billion. The council has released on its website a request for proposals for beta overlay...