Newsmakers
New Mexico Educational Retirement Board Names New CIO
Deputy CIO Steve Neel will step up at the $20 billion fund, succeeding Bob Jacksha.
Tag: New Mexico Educational Retirement Board
Asset Allocation
Long-Lagging Venture Capital Shows Signs of Possible Turnaround
U.S. venture fund returns remain negative, but valuations are up and two recent high-profile VC-supported IPOs did well, a PitchBook report finds.
Asset Allocation
New Mexico Teachers’ Fund Scores Small Gain for Fiscal Year
In a tough time for investments, the fund logs a 1% portfolio increase.
Asset Allocation
New Mexico Pension Posts Highest Returns in 36 Years
The Educational Retirement Board’s portfolio gained 28.76%, or $3.6 billion for the year.
Asset Management Culture
New Mexico Teachers’ Pension to Divest from Private Prisons
The $12.75 billion fund has been under pressure to sell stakes in CoreCivic and the GEO Group.
Newsmakers
Exclusive: New Mexico ERB CIO Jacksha Is Worried About the Trade War
The $13.3 billion fund’s chief has very large portion of the portfolio in alts, as a buffer against bad times.
Risk
New Mexico ERB Beats Peers, Logging a 7.29% Return
Alternatives, US stocks, and bonds help fund value achieve new ‘high water mark.’
Newsmakers
New Mexico Teachers Pension Fund Calls for Belt-Tightening
Fund for state and municipal workers scrambles to find own bailout blueprint to patch up funding.
Newsmakers
New Mexico’s Two Largest Public Pensions Could See Benefit Reforms
Despite double-digit returns, the systems aren’t out of the woods yet.
As Banks Struggle to Meet Regulations and Keep Customers, Investors Spot Opportunity
Capital relief trades seek attractive returns by offering banks more than economic incentives as synthetic collateralizations boom.