Sunday, 25 January 2015
Last updated 1 day 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…