Wednesday, 28 January 2015
Last updated 1 hour ago
Dec 27 2010 | 2:17am ET
Farallon Capital Management's loss is Wexford Capital's gain. The New Mexico Public Employees Retirement Association has handed about half of the money it yanked from the former into the latter's Spectrum Fund.
The allocation to Wexford will be funded by the beginning of February, the $11 billion public pension said.
PERA pulled $78 million from Farallon's Institutional Partners fund due to departures "material to the investment of the hedge fund," Joelle Mevi, chief investment officer, told Pensions & Investment.
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…