I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
The State Investment Council (SIC) has given control of a $80 million hedge fund to a Texas-based company connected to placement fees paid to Guy Riordan, a former friend of Gov. Bill Richardson who was banned recently from the securities industry, the Albuquerque Journal is reporting.
The paper quoted an SIC spokesman saying that the company, Crestline Investors, was unaware of the payments to Riordan. Third-party marketing fees are legal but have come under scrutiny in New Mexico because of the potential for pay-to-play conflicts. Crestline stopped using the company that paid the marketing fees to Riordan in 2006, the SIC spokesman told the Journal.
Riordan earned hundreds of thousands of dollars in marketing fees from two companies. For a refresher on what Riordan earned, here’s a spreadsheet the State Investment Council provided last year showing the amount of each marketing fee, who paid them and investment deals with which the fees were associated.
