N.M. Admin. Code § 2.82.8.10
Current through Register Vol. 36, No. 1, January 14, 2025
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.
N.M. Admin. Code § 2.82.8.10