CIO Updates

This page will provide the latest commentary and updates to strategic issues pertaining to PERA investments from our Chief Investment Officer and Investment Staff.

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  • Strategic Updates
  • About The CIO
    • Dominic Garcia along with his wife and family, returned to New Mexico in 2017 after spending a decade away. Their roots and family are deep within New Mexico and chose to return to help make a positive impact in the community they love.

      As CIO of New Mexico PERA, Dominic brings his unique experience and success in investment and pension management to continue to push PERA forward to meet its goals in a very challenging investment environment. Thus far, Dominic and his team have led the effort to integrate a risk-based approach to investing, separating Alpha and Beta in its investment philosophy. This innovative approach has been recognized nationally and has helped the system produce strong risk adjusted returns and exceed benchmarks. At the end of 2018, PERA has met its actuarial hurdle over 10 year and 30 year periods, exceeded its benchmarks for all time periods, and produced significant value add for members.

      Dominic has over 15 years of experience in investment and pension management. His career began as an Analyst for the Legislative Finance Committee and later as a Deputy CIO for New Mexico PERA. At that time, much of Dominic’s work helped lead to the adoption of the Prudent Investor Act, which allowed New Mexico’s investment agencies, including PERA, to modernize its investment portfolios to include alternative assets. Then, in 2008, Dominic was recruited and joined the $100 billion State of Wisconsin Investment Board (SWIB) pension system, which is the only fully funded pension system in the country. For nearly a decade, Dominic had a successful tenure at SWIB serving jointly on the fund’s Investment Committee and as a Senior Alpha Manager.

      Dominic has been a speaker at numerous industry events and he and his teams’ have received numerous industry-wide awards recognizing their innovative work. Dominic was also named 40 under 40 for three consecutive years by AI CIO magazine. Dominic is a member of the Santa Fe Community Foundation, Impact Investing Committee, a member of the Managed Funds Association (MFA) Institutional Investor Advisory Council, and Co-Chair of the Institutional Investor 2019 Public Funds Roundtable. Dominic graduated from Manzano High School in Albuquerque and has degrees from the University of New Mexico and University of Chicago. He lives in an old adobe home in Santa Fe, NM with his wife and three children.