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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.
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 ...
Sep. 26—The New Mexico State Investment Council during a Tuesday meeting committed $280 million in investments in three different firms. One of those firms, TK MediaTech Ventures, is a New ...
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 ...
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
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 ...
Apr. 26—The New Mexico State Investment Council approved three real estate commitments totaling $550 million this month. At the agency's April 23 meeting, council members voted unanimously to ...