A report by New Mexico’s Legislative Finance Committee said the state’s permanent funds and the Public Employees Retirement Association and Educational Retirement Board pension funds fell 30.1% last year, to a combined asset value of $26.5 billion from $37.5 billion at the end of 2007.

The steepest decline came in the final three months of the year, as the funds dropped in value by $5.7 billion, or almost 18%.

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