N.M. Admin. Code § 2.82.8.10 - INVESTMENT PHILOSOPHY

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.

Notes

N.M. Admin. Code § 2.82.8.10

6-30-99; 2.82.8.10 NMAC - Rn & A, 2 NMAC 82.8.10, 1-30-2004 Amended by New Mexico Register, Volume XXVI, Issue 11, June 16, 2015, eff. 6/16/2015