New Mexico Investments Grow

New Mexico – New Mexico investment funds grew by nearly $1.2 billion during the past quarter because of financial market gains.

The Legislative Finance Committee reported Thursday that permanent and pension funds had combined asset values of $32.7 billion at the end of March. That's up 3.7 percent for the quarter and 29.7 percent from a year ago.

The Land Grant Permanent Fund was valued at $9.5 billion, up $423 million for the quarter.

The Severance Tax Permanent Fund was worth nearly $3.7 billion, a gain of $121 million.

The Public Employees Retirement Association had assets of $10.9 billion, up $351 million.

The Educational Retirement Board had assets of $8.5 billion, up $275 million.

Copyright 2010 The Associated Press.