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Rio Rancho advisory board recommends reinvesting 50% of Permanent Fund distribution after reviewing strong returns
Summary
At its quarterly meeting the Rio Rancho Investment Advisory Board reviewed the Permanent Fund and operating portfolios, approved revisions to the Permanent Fund investment policy to clarify real-return allocations, and voted to recommend the governing body reinvest the staff-recommended $1,028,605 (50% of the 2025 earnings) back into the Permanent Fund while staff models a possible cash ‘portfolio B’ option.
The Rio Rancho Investment Advisory Board on its quarterly meeting reviewed strong 2025 returns across the city’s Permanent Fund and recommended that the governing body reinvest half of the fund’s 2025 earnings. Chair Wainwright and staff heard a presentation from Deann Woodring, the board’s oversight advisor, and from Director Yara on policy changes and distribution recommendations.
Woodring told the board the Permanent Fund is diversified across domestic and international equities, real-return assets and fixed income; she highlighted that international equity allocations have driven strong year-to-date performance (presented as roughly 31% for the international sector) and noted that the real-estate/real-return component has underperformed but acts as a diversification tool. She said the fund began on Jan. 1, 2023, with $10,000,000 seed money,…
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