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A state cabinet secretary and former economist to the Legislature was selected Wednesday to oversee New Mexico's $49 billion nest egg of savings and trust accounts at the State Investment Council.
The fund is managed by New Mexico's State Investment Council, an independent state agency which functions as a sovereign wealth fund. [6] The council is made up of certain members of the Government of New Mexico, who serve on an ex-officio basis, and public members appointed alternately by the Governor of New Mexico and New Mexico Legislature.
But also because the state’s sovereign wealth fund, the New Mexico State Investment Council (SIC), two weeks ago agreed to invest $50 million as an anchor check for Roadrunner’s first venture ...
Apr. 15—AAround $53 billion in state assets sit with the New Mexico State Investment Council. That's over five times more than the record-breaking $10.21 billion budget the governor in March ...
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Jul. 1—The New Mexico State Investment Council invested $250 million in two firms in its most recent meeting. The SIC met on June 25 to go over its investment agenda, which included approving a ...
New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6] Petroleum: 5 Wyoming: Wyoming Permanent/Endowment Funds 12.6: March 2017 [7] Minerals 6 North Dakota: North Dakota Legacy Fund: 8.2: November 2022 [8] Petroleum: 7 Alabama: Alabama Trust Fund: 2.5: June 2016 [9] Petroleum: 8 Utah: State School Fund 2.0 ...
The state treasurer is the chief banker and investment officer for the state of New Mexico. As such, the state treasurer receives payments made to the state, deposits sums received with authorized depository institutions, accounts for and manages the state's cash flows, services principal and interest payable on state debt, and disburses public monies in redemption of warrants drawn on state ...