Wednesday, 25 May 2016
Last updated 2 hours ago
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.