Asset Management Culture
Feuding New Mexico PERA Trustees to Create Oversight Committee
The new panel will seek to bring order to a board riven by accusations and walkouts among members in a ‘toxic’ work environment.
Tag: New Mexico
Asset Management Culture
New Mexico Businesses Can Apply for Relief from New $100 Million Fund
The relief, managed by private equity firm Sun Mountain Capital, comes from the state’s $5.3 billion severance tax permanent fund.
Asset Management Culture
New Mexico Overhauls Pension System for Public Workers
The state retirement fund is injecting $55 million to pay down liabilities, while also changing COLAs and increasing contributions.
Newsmakers
New Mexico Pension Reform Breezes Through State Senate
Bill proposes $76 million infusion from state, as well as sweeping contribution and COLA changes.
Newsmakers
New Mexico Governor Backs Linking Pension COLAs to Investment Performance
Plan aims to eliminate the state retirement system’s $6.6 billion unfunded liability.
News
New Mexico Investment Council Rethinks Private Equity, Creates Emerging Manager Program
Efforts try to expand the reach and effectiveness of the program.
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 Governor Pitches Plan to Bring State Pension to Solvency
Task force sees cost-of-living adjustments as the necessary scapegoat for pension’s financial health.
Newsmakers
Exclusive: New Mexico Anticipates ‘Shallow Recession,’ Possibly by Next Year
CIO Vince Smith discusses how the council is insulating its portfolio against near-term market fluctuations.
Regulation
Facing Police Shortage, NM Considers Pension Changes
As Santa Fe expands city turf, it co-sponsors supportive resolution.
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.