Tuesday, 31 March 2015
Last updated 12 min ago
Apr 26 2007 | 9:15am ET
The $11 billion Public Employees Retirement Association of New Mexico is committing a total of $64 million to two hedge funds and $20 million to a private equity real estate fund.
The system’s consultant, this month recommended a $32 million allocation to Black River Global Multi-Strategy Leveraged Fund, a multi-strategy hedge fund, and a $32 million allocation to King Street Capital, a distressed shop. Both commitments will be funded from the system’s fixed-income portfolio.
Also, the system is committing $20 million to Praedium Fund VII, a middle market opportunistic direct real estate partnership, which will also be funded from its fixed-income portfolio.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…