The New Mexico Educational Retirement Board has made a $100 million commitment to the PIMCO Corporate Opportunities Fund IV.
The commitment was disclosed in meeting minutes from the December board meeting.
Also approved at the meeting were changes to the investment policy. Staff approved updates to the asset allocation targets which will decrease the equities target to 45% from 46 %, increase the fixed income target to 32% from 31%, increase the real assets target to 20% from 17%, and decrease the multi-assets target to 2% from 5%.
NEPC assisted with the Asset-Liability study.
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Written By: Koncheng Moua, Director of Data Management and Strategy
Koncheng Moua is the Director of Data Management and Strategy at Dakota.