NM Venture Cap Program Continues Losses

This isn’t how anyone would invest funds for their child’s college tuition and expenses.  But New Mexico, under the Richardson/Denish administration, has invested state funds in a fish company, an electric libretto designer (appropriately named “Figaro”) and a company that uses crushed glass to produce toilet bowl scrubbers (what, you don’t have one of those [...]

Posted on June 2, 2010 at 11:42 am by Jim Scarantino · Permalink · Leave a comment
In: Uncategorized
Tagged with: ,

State Investment Performance Cause for Concern

But the new members on the SIC, due to their independence from Governor Richardson, and the new State Investment Officer, who also has newfound independence from the Fourth Floor of the Roundhouse, are also cause for hope.  The latest report from New Mexico Watchdog on what’s happening with our $14 billion in permanent funds.

Posted on May 26, 2010 at 12:04 pm by Jim Scarantino · Permalink · Leave a comment
In: Uncategorized
Tagged with: 

New Mexico Loses Tens of Millions of Dollars in Investment Placed by Richardson Ally Correra (Again)

New Mexico lost nearly $40 million of its $55 million investment in Antares Investment Partners, a Greenwich, CT real estate investment trust. But Marc Correra, a Richardson ally, came out a lot better. As a third-party placement agent for the deal, he participated in $600,000 in fees.
The Greenwich Time concluded its investigation of Antares this [...]

Posted on August 28, 2009 at 10:20 am by Jim Scarantino · Permalink · One Comment
In: Uncategorized
Tagged with: , , ,