New Mexico Picks Crestline, Issues Fund Of Funds RFP

Aug 13 2010 | 10:30am ET

Crestline Investors has been handed a fund of hedge funds mandate by the New Mexico State Investment Council, which also plans to hire another fund of funds.

Crestline will manage $80 million for the system. The firm replaces TAG Associates’ Vintage Classics, which the New Mexico fund fired in April due to poor performance, Pensions & Investments reports.

New Mexico will hire another fund of funds, which will manage $150 million, by the end of September. A request for proposals has been issued.

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