New Mexico Council Recovers $20M After Scandal

The $17 billion New Mexico State Investment Council announced it reached a settlement with Chicago-based Vanderbilt Capital Advisors that awarded the council more than $20 million of the money it lost due to bad investment decisions made in connection with New Mexico’s pay to play scandal. In a related settlement, the $10 billion New Mexico Educational Retirement Board was awarded $4.25 million from the firm.

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