New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 82 - EDUCATIONAL RETIREMENT
Part 8 - INVESTMENT POLICIES AND PRACTICES
Section 2.82.8.10 - INVESTMENT PHILOSOPHY
Universal Citation: 2 NM Admin Code 2.82.8.10
Current through Register Vol. 35, No. 18, September 24, 2024
Recognizing the important and perpetual nature of the fund and the fiduciary responsibilities of the board, the primary goal in investing the assets shall be to provide significant real returns adjusted for inflation with acceptable risk (volatility). The "prudent investor" standard, as defined in the state statutes, shall apply to the investment activities of the educational retirement board.
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