New Mexico Pension Board Awards $150M To GSO Capital

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.


In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    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…