Tuesday, 21 October 2014
Last updated 8 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...