October 06, 2022
Written By:
Koncheng Moua, Research Data Analyst
The New Mexico Public Employees Retirement Association is considering changes to the asset allocation policy, according to a recording from the September 29 Investment Committee meeting.
The recommended asset allocation policy modestly increases the risk profile by consolidating the credit oriented fixed income asset class, increasing exposure to private equity and private credit to take advantage of illiquidity premium opportunities, and decreasing exposure to liquid real assets.
Consultant, Wilshire, presented the recommended asset allocation policy that proposed the following changes to the asset allocation targets:
Global Equity: Increase from 35.5% to 38%
Risk Reduction & Mitigation: Decrease from 19.5% to 17%
Credit Oriented Fixed Income: Increase from 15% to 19%
Real Assets: Decrease from 20% to 18%
Risk Parity: Decrease from 10% to 18%
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Tags: Pension Funds, Alternatives, Private Equity
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