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Reading: The State Investment Council manages New Mexico’s multibillion-dollar fund. Its leader says more staff is needed.
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The State Investment Council manages New Mexico’s multibillion-dollar fund. Its leader says more staff is needed.

Last updated: October 11, 2025 8:15 pm
Published: 7 months ago
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The State Investment Council office in Santa Fe in late September. The SIC currently has 35 employees but, according to an analysis, it should have a staff of around 60 people considering its $66 billion assets under management.

Jon Clark began his role at the New Mexico State Investment Council last year as “employee No. 22.”

Upon arrival, he was provided staffing charts showing the agency had the same number of employees as it did in 2008 when managing around $12 billion in funds. At that point, in 2024, the SIC oversaw $54 billion.

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