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Pension Funds

New Mexico Educational Retirement Board earns 13.9% in 2017

New Mexico Educational Retirement Board, Santa Fe, earned a net return of 13.9% for the year ended Dec. 31, said Bob Jacksha, CIO of the $12.9 billion pension fund in an email. Also, the board earned annualized net returns of 7.8% for the three years and 8.5% for the five years ended Dec. 31.

The pension fund underperformed its 14.1% benchmark for the 12-month period but outperformed its 7.5% benchmark for the three years and 8% benchmark for the five years.