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GPA tells Rio Rancho advisory board permanent fund has grown to about $15 million; consultants outline 60/40 policy and new asset classes
Summary
Government Portfolio Advisors, the city's new investment consultant, reviewed Rio Rancho's permanent fund and operating portfolios, reported the permanent fund grew from an initial $10 million to over $15 million, reiterated a 60% equity/40% income target and noted real estate and real-return funds were added in May 2025.
Diane Woodring, a consultant with Government Portfolio Advisors (GPA), told the Rio Rancho Advisory Board on Dec. 15, 2025, that the city's permanent fund has grown from an initial $10,000,000 investment to a value the presentation described as "over $15,000,000." GPA is now the single investment adviser after the city consolidated two advisory contracts in October to reduce costs and simplify reporting.
Woodring said the city's permanent fund policy currently targets a 60% allocation to equities and 40% to income-producing assets, a structure she described as "a standard growth model for long-term permanent funds." She said GPA will rebalance the portfolio to maintain that 60/40 split when…
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