New Mexico Pension Puts SSgA, Artio On Performance Watch

Mar 30 2010 | 12:05pm ET

The New Mexico Public Employees Retirement Association has awarded $20 million to one hedge fund will issuing a stern warning to two other asset managers on its payroll.

The $10.9 billion pension committed $20 million to LIM’s Asia Multi-Strategy Fund, Pensions & Investments reports. But two funds with much larger allocations have been put on performance watch.

PERA’s board approved that measure against State Street Global Advisors and Artio Global Investors. The pension has $365 million invested in the former’s International Alpha Select Strategy and $220 million in the latter’s International Equity II Fund.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...