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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note