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New Mexico to hire real assets investment officer

The state’s $15bn oil and gas endowment has established a 10% real return allocation, which could include investments in timber and infrastructure, and has begun to look for an investment officer to direct the real return group.

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The New Mexico State Investment Council (SIC), which manages the state’s $15 billion oil and gas endowment, is seeking an investment officer and an analyst for a newly-created real return allocation, according to a job posting on its website.

SIC is seeking a director for the Real Return Group, who will be a member of the investment committee and will implement the real return portfolio strategy. SIC approved a 10 percent real return allocation at a July 26 meeting, contingent on finding the appropriate staff to make investment decisions, a spokesperson for SIC said.

The director will be responsible for “monitoring the universe of institutional quality managers” in areas including real assets – which encompass timber, energy, agriculture and infrastructure investments – inflation-linked securities, hedge fund strategies and real estate investments.

Whilst the real return allocation includes infrastructure investments, SIC does not have a specific percentage allotted to the infrastructure subset.