Wexford Wins $35M New Mexico Mandate

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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…