Saturday, 26 July 2014
Last updated 23 hours ago
Aug 2 2010 | 6:14am ET
The New Mexico Public Employees Retirement Association has increased its hedge fund investments by $90 million.
The pension fund on Thursday committed $30 million apiece to Claren Road Asset Management and LIM Advisors, Pensions & Investments reports. New Mexico also boosted its investments with four other hedge funds, adding $10 million each to its commitments to Angelo Gordon and Och-Ziff Capital Management, and $5 million each to Ascend Capital and Diamondback Capital.
Each of those four firms now manages between $42 million and $46 million for the pension.
The moves are just the first part of New Mexico’s plan to boost its alternative investments allocation from 15% to 20%. According to P&I, the pension plans to make additional hedge fund commitments—possibly on an interim basis—over the next six months.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…