The $42 billion New Mexico State Investment Council, which oversees the state permanent and endowment funds, approved $423 million in alternative investment allocations.
Also at the March meeting, investment staff in consultation with consultant Meketa, recommended reducing exposure to hedge fund structures within the non-core fixed income portfolio. Funds from exited strategies are expected to be reinvested into private market investments as the portfolio is grouped into public markets and private markets buckets.
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