Sunday, 21 December 2014
Last updated 12 hours ago
Apr 7 2011 | 12:50pm ET
The $9.2 billion New Mexico Educational Retirement Board has allocated $150 million to GSO Capital Partners as part of a new opportunistic credit allocation, reports HFMWeek.
The minutes of the board’s February meeting show the investment committee approving the allocation in the form of a separate managed direct lending account, while at the same time approving a $150 million allocation to Medley Capital, which recently acquired credit hedge fund manager Viathon Capital.
The allocations are part of the board’s 20% long-term investment to opportunistic credit.
New Mexico ERB has already allocated $19.7 million to the Bridgewater Pure Alpha Major Markets fund, and $290.1 million to the Bridgewater All Weather fund, and $186.7 million to the Bridgewater Pure Alpha fund.
The board also has a 7.1% allocation to absolute return strategies (its target allocation is 10% and a maximum of 20%) investing in a number of funds including Austin Capital, Gottex and Gam.
New Mexico ERB enjoyed a net investment gain of $464.9 million over Q4 2010, with total assets rising from $8.3 billion to $9.2 billion over the course of the year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.