At the end of our first-ever digital conference, two of our Advisory Board Members shared a brief recap and closing remarks of the very special event. A huge thank you to Bob Jacksha, Chief Investment Officer at New Mexico Educational Retirement Board, and Samuel Gallo, Chief Investment Officer at the University System of Maryland Foundation, who joined Alex Bangash and Trang Nguyen.
New Mexico will be investing more money in state-based businesses and startup companies as it attempts to spur development and diversify the economy.
The State Investment Council voted to adopt recommendations that will target a greater number of commitments to New Mexico and nationally-based venture capital firms actively investing in the state.
When the New Mexico State Investment Council decided earlier this year to replace two large-cap active fund managers with smart beta mandates worth a total of $2.1 billion, it was following in the footsteps of many other institutional investors.
Mark Canavan joined New Mexico Educational Retirement Board in Mark Canavan joined New Mexico Educational Retirement Board in December 2007 to lead the pension plan’s real estate portfolio. Seeing the onset of a financial crisis, Canavan instead made his first allocation in infrastructure, which saved the plan from deadly losses during the 2008 Financial Crisis. Since then, he has built out the real assets portfolio for NMERB with diversified exposure in various assets. In this presentation, Canavan discusses opportunities within these sub-categories — energy, timber and agriculture, and mitigation banking.<br /> <br /> Canavan spoke at Trusted Insight’s Alpha Conference in San Francisco on Jun. 14, 2017. <a href="https://www.youtube.com/channel/UCcpTHXv2cwIJShtph__j-zQ">Click here</a> to see more videos of Trusted Insight.
Public Sector Pension Investment Board (PSP Investments) has acquired a majority interest in Stahmann Farms Enterprises, an Australian grower, processor and marketer of pecans. No financial terms were disclosed. Based in Toowoomba, Queensland, Stahmann Farms was founded in 1971 as an Australian branch of the Stahmann family pecan farm originally established in New Mexico in 1932. It has been independent since its spin-off in 2006. Stahmann Farms said it will use its partnership with the Canadian pension fund to help increase production capacity and improve processing facilities in New South Wales and Queensland.
BP's first foray into Mexico's recently opened energy market is proving more promising than expected, the oil major's Mexico boss said in an interview.
There is also no other Mexican destination that features Mazatlan's expansive Centro Historico area featuring 18th century architecture, an opera house, art galleries, live music and a variety of unique restaurants situated alongside beautiful tree and flower-laden plazas and patios
Despite a glut of natural gas, demand is rising -- mainly in the power-generation sector, but also for pipeline exports to Mexico and the huge ongoing switch away from coal-fired generation to gas-for-power.
Dawn Fitzpatrick manages the billions in family wealth of the investor George Soros. But she takes over at an unsettled moment for global markets....