The State Investment Council oversees and manages more than $50 billion in permanent, endowment, and reserve funds for the state of New Mexico. These investments will deliver almost $1.8 billion to New Mexico in fiscal year 2024, helping to pay for New Mexico public schools, universities, and other government services. The indirect, average benefit to New Mexico taxpayers is $2,250 per household and growing. The state’s permanent—or sovereign wealth funds—originate primarily from royalties and taxes from extractive industries like oil and gas production. As those industries gradually transition toward renewable resources in the coming years, declining oil revenue will be supplanted in part by the investment earnings generated by New Mexico’s permanent endowments. New Mexico’s permanent funds are the third largest of their kind in the United States, and among the top 40 such funds globally.
Company Details
- Employees
- 16
- Founded
- -
- Address
- Santa Fe, New Mexico
- Industry
- Investment Management
- NAICS
-
Other Financial Investment ActivitiesPortfolio ManagementAll Other Financial Investment ActivitiesTrust, Fiduciary, and Custody ActivitiesMiscellaneous Financial Investment Activities
- Website
- http://sic.state.nm.us
- Keywords
- Sovereign Wealth Fund.
- HQ
- Santa Fe, New Mexico
- Competitors
- Thornburg Investment Management, Alaska Permanent Fund Corporation, Arizona State Retirement System, Employees Retirement System of Texas, State Board of Administration of Florida, NEW YORK STATE COMMON RETIREMENT FUND, Texas Municipal Retirement System (TMRS), NYSTRS, Texas Permanent School Fund Corporation, New Mexico State Personnel Office, Career Services Bureau.
New Mexico State Investment Council Questions
New Mexico State Investment Council's website is http://sic.state.nm.us
New Mexico State Investment Council's LinkedIn profile is https://www.linkedin.com/company/state-investment-council
New Mexico State Investment Council has
16 employees.
View email and phone details for 16
employees at New Mexico State Investment Council.
New Mexico State Investment Council's industry is
Investment Management
New Mexico State Investment Council's top competitors are
Thornburg Investment Management,
Alaska Permanent Fund Corporation,
Arizona State Retirement System,
Employees Retirement System Of Texas,
State Board Of Administration Of Florida,
New York State Common Retirement Fund,
Texas Municipal Retirement System (Tmrs),
Nystrs,
Texas Permanent School Fund Corporation,
New Mexico State Personnel Office, Career Services Bureau.
New Mexico State Investment Council's categories are Investment Management
New Mexico State Investment Council's founding year is 1958
