Publications

Investors

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

New Mexico increases real assets target to 20%

by Reg Clodfelter

The Public Employees Retirement Association of New Mexico has decided to increase its allocation to real estate and real assets by a combined 8 percent, confirms Kristin Varela, portfolio manager, real returns, with PERA.

The change raises the $14 billion retirement association’s target allocation to real assets by more than $1 billion.

Previously, real estate and real assets were separate allocations in PERA’s portfolio with target allocations of 5 percent and 7 percent, respectively. Now the two will be combined into a single bucket, “real assets,” as part of an overhaul to the retirement association’s portfolio in which it collapsed its eight previous asset classes into four: global equity, risk reduction and mitigation, credit-oriented fixed income, and real assets.

“We believe the newly approved Strategic Asset Allocation better diversifies the total fund by risk contribution and ultimately optimizes portfolio

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?