The $38 billion New Mexico State Investment Council tapped two fund commitments in infrastructure strategies.
Overall, the investment portfolio reported losses of -7.75% for the first half of 2022, with equity markets dramatically dragging down performance while alternative investments across private equity, real estate and real return remained largely positive over the same time period.
Infrastructure, which falls under real return, is a strategy that was up 8.59% in the first six months of 2022 at New Mexico and is just over 9% or accounting for approximately $3.6 billion of the fund . . .
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