The cash flow is solid, except for occasional problems like pandemic-reduced traffic volumes.
Tag: New Mexico State Investment Council
Pension funds and other institutions are considering investing in problem properties via KKR, Apollo, Blackstone, and other Wall Street players. The goal: turnarounds.
Beijing’s hard-line policies and investing hurdles complicate the decision.
CIO Vince Smith discusses how the council is insulating its portfolio against near-term market fluctuations.
Hurdles include high valuations of risk assets, macroeconomic future.