New Mexico State Investment Council, Santa Fe, settled with placement agent and investment manager Alfred Jackson for $775,000 for investments the endowments made with him or the funds of his firm, Capital Point Partners, said Charles Wollmann, spokesman for the council, which manages about $20 billion in endowments, in an e-mail.
As part of the settlement, Mr. Jackson, who denies wrongdoing, must testify for the New Mexico State Investment Council as it continues its lawsuit to recoup allegedly improper payments made to marketers, funds and individuals.
In 2011, the council filed suit against more than a dozen people, including placement agents, claiming, in part, that they were unjustly enriched through pay-to-play and politically motivated investments.
The investment council has thus far secured more than $29 million in settlements with some of the plaintiffs. The lawsuit is continuing against the remaining plaintiffs, who include Gary Bland, former state investment officer, and placement agents Marc and Anthony Correa, Mr. Wollmann wrote.
