Institutional Investors People Moves

New Mexico hires Jacksha for interim


Bob Jacksha has been appointed interim state investment officer at the New Mexico State Investment Council as Gary Bland steps down from the post.

Gary Bland

Governor Bill Richardson accepted Bland's resignation and thanked him for his service to the state. The $11 billion New Mexico State Investment Council has come under fire recently for the fees paid to politically connected placement agents that were used by hedge fund, private equity and real estate firms that won allocations from trustees.

The pension fund also carried exposure to Madoff via its fund of funds portfolio, totalling