The staff at the $36.6 billion New Mexico State Investment Council (NMSIC) recently unveiled its proposed FY 2023 annual investment plan, which included additional allocations across private markets.
Trustees heard presentations on inflation expectations, supply chain disruptions, Fed’s monetary policy, interest rates, productivity, demographics, and growth along with write-ups from asset class directors on their respective asset classes. The investment plan uses a 7-10 year forward horizon in the development of an outlook for the economy, financial markets, and for the development of longer-term investment themes and strategies.
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