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New Mexico's shakeup: Private markets in; risk parity out.

As he prepares to put more money to work in private markets, New Mexico’s new CIO Michael Shackelford discusses why he is paring back on risk parity and removing private credit hedge funds, and his preference for open-ended funds. ....

New Mexico , United States , Michael Shackleford , Dominic Garcia , School Lands , Public Employees Retirement Association Of New Mexico , Dakota Board Of University , Public Employees Retirement Association , North Dakota Board ,