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 Joelle Mevi, Investment Division Director and Chief Investment Officer
Joaquin Lujan, Investment Officer
Arsenio Garduño, Financial Analyst
Kirene Bargas, LGIP Bureau Chief / Portfolio Manager
Hannah Chavez, LGIP Account Technician
Eliza Anaya, LGIP Account Technician
Kathy Abeyta, Investment Accounting Bureau Chief
Marie Andermann-Hidalgo, Account Auditor
Leona Maes, Management Analyst
Loretta Marquez, Account Auditor
The Chief Investment Officer invests money in the custody of the State Treasurer that is not immediately needed for the operations of state government. In accordance with this fiduciary responsibility, all investments made by the State Treasurer's Office must follow three fundamental principles: safety, liquidity, and yield, prioritized in that order. All investments are made in accordance with the State Treasurer's Investment Policy, a document that sets investment guidelines for all Treasury investments, as approved by the State Treasurer’s Investment Committee and the State Board of Finance. This policy was opened to public comment and revised three times to effect over 300 changes in fiscal year 2006.
The types of investments that the State Treasurer may make with state funds are statutorily defined: U.S. Government and Agency obligations, commercial paper, corporate bonds, money market mutual funds, certificates of deposit, overnight repurchase agreements, and asset-backed obligations. Maturities in these investments are restricted to a maximum of five years. Types and terms of investments are determined by the State Treasurer’s Investment Advisory Committee and reported monthly to the State Treasurer’s Investment Committee. Investments are purchased by the investment officers for the General Fund and the Local Government Investment Pool. All investment purchases are cleared and accounted for through the Investment Accounting Bureau.
The State Treasurer also invests a pool of funds on a daily basis in an overnight repurchase agreement. This pool consists of moneys from the Public Employees Retirement Association, State Investment Council, Educational Retirement Board, Local Government Investment Pool, Bond Proceeds Investment Pool, and the General Fund.
By state statute, the Treasurer must make a portion of the General Fund money available for investment in time certificates of deposit in New Mexico banks, savings and loan associations, and credit unions. Time deposits are made with a preference to financial institutions in economically-challenged communities.
The State Treasurer’s Office also is responsible for investing bond proceeds from the issuance of general obligation bonds, severance tax bonds, and supplemental severance tax bonds, which are long-term obligations issued by the state of New Mexico to fund various infrastructure projects on behalf of the state of New Mexico. The State Treasurer’s Investment Accounting Bureau is responsible for making all scheduled debt service payments to the designated paying agents on these bonds and for tracking the investment income to assure compliance with arbitrage restrictions and rebate requirements in accordance with the Federal Tax Reform Act of 1986.
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