Apr 5, 2021
Dominic Garcia serves as Chief Investment Officer for the
Public Employees Retirement Association of New Mexico (PERA), a $16
billion pension system that serves over 90,000 members and provides
over $1.2 billion in annual benefits. Dominic is a native of New
Mexico, began his allocator career at New Mexico PERA and returned
to re-join the system in 2017 as CIO after nearly a decade at SWIB,
the State of Wisconsin Investment Board.
Our conversation covers Dominic’s path to the helm at PERA,
challenges of governance and compensation in public pensions,
addressing underfunding with variable liabilities, and his
risk-based investment approach that includes the separation of
alpha and beta, overlays, and the selection of alpha managers
across public equities, hedge funds, and private markets.
Dominic has three times been named in the 40 under 40 by industry
publications, and you’ll soon hear why.