New Mexico Statutes Chapter 7. Taxation § 7-9-108. Deduction; gross receipts; receipts from performing management or investment advisory services for mutual funds, hedge funds or real estate investment trusts

(1) “hedge fund” means a private investment fund or pool, the assets of which are managed by a professional management firm, that:

(2) “mutual fund” means an entity registered pursuant to the federal Investment Company Act of 1940, as amended; and

(3) “real estate investment trust” means an entity described in Section 856(a) of the Internal Revenue Code of 1986, as amended, the investments of which are limited to interests in mortgages on real property and shares of or transferable certificates of beneficial interest in an entity described in Section 856(a) of the Internal Revenue Code of 1986, as amended.