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Chief Investment Officers Recognized in Top National List

Chief Investment Officers Recognized in Top National List

August 22, 2019

New Mexico’s Chief Investment Officers Recognized in Top National List

Santa Fe, NM: The Chief Investment Officers of both of the state’s public pension plans – the Public Employee Retirement Association (PERA) and the New Mexico Educational Retirement Board

(NMERB) -- have been named among the top 30 public pension chief investment officers in the nation.

The ranking comes from the national Trusted Insight, a platform for investment advisors.

PERA’s Chief Investment Officer (CIO), Dominic Garcia and NMERB’s Bob Jacksha are both listed in the top 30 in the nation, among chief investment officers at major institutions such as the $236.8 billion California State Teachers Retirement System.

Garcia has served as PERA’s CIO since 2017 where he manages $15.7 billion in assets, making this an all-time high fiscal year end for assets. PERA’s current returns also rank in the top quartile of peers and top decile of peers based on risk adjusted comparisons. Prior to his career with PERA, Garcia was the Senior Funds Alpha Manager at the State of Wisconsin Investment Board for nine years. Garcia is a native of Albuquerque and holds a master’s degree in public finance from the University of Chicago and a bachelor’s degree in political science and economics from the University of New Mexico.

“It is an honor to be included on this list with other phenomenal CIOs,” says Garcia. “We have some work to do here at PERA, though I couldn’t be prouder to work with an incredible team who are passionate about the well-being of our pension plan.”

Bob Jacksha has been the Chief Investment Officer for NMERB since 2007 where he manages a $13.3 billion investment portfolio, which represents growth in assets of more than $4 billion since 2007. Prior to this role, he served as deputy state investment officer with the New Mexico State Investment Council. Jacksha holds both the CFA and CAIA charters and earned his master’s degree in business administration from the University of St. Thomas in St. Paul, Minn. and a bachelor’s degree in finance from Bemidji State University in Minnesota. Current fiscal year investment returns for the NMERB portfolio rank in the top 10 percent of peers as do risk adjusted comparisons on a consistent basis.

Jacksha said his continuing goal is to continue to build a pension fund that ensures the futures of New Mexico educators. He went on to say, “I would like to thank Trusted Insight for including NMERB in this list. Our results are not due to the efforts of one or two people but rather the hard work of all the investment staff and the ongoing support from NMERB management and the Board of Trustees.”

Both Wayne Propst, PERA’s Executive Director, and Jan Goodwin, NMERB’s Executive Director, expressed confidence in these investment leaders. “To be included in the list with some of the largest and most successful public plans in the country demonstrates that, while New Mexico’s plans face challenges, we have the talent and insight to preserve strong pension funds and future benefits for our members,” Propst and Goodwin said in a joint statement.

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