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Board approves clarifying edits and a 5% target for real‑asset allocation in permanent fund policy
Summary
The advisory board accepted staff-recommended wording changes to the permanent fund investment policy, including clarifications about SIC external pools and a suggested 5% target for real‑return/real‑asset allocation; the motion passed by roll call.
The Rio Rancho Investment Advisory Board approved staff-recommended clarifying edits to the permanent fund investment policy and accepted a proposed 5% target for real‑return/real‑asset allocation.
Director Stephanie Yara introduced the policy review and said the board’s charge includes reviewing permanent fund earnings and weighing in on how earnings might be used. Deann…
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