Thursday, 20 October 2016
Last updated 35 min ago
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.