New Mexico Boosts Hedge Fund Portfolio, Hires Claren Road, LIM

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note