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.