New Mexico Pension Mulls Credit Hedge Funds

May 11 2011 | 11:51am ET

The New Mexico Educational Retirement Board is poised to hand out mandates to several credit hedge funds as part of its move away from funds of hedge funds.

The $9.2 billion public pension is doing due diligence on a number of direct-lending and credit hedge funds, Bob Jacksha, the plan's chief investment officer, told HFMWeek. Those hedge funds picked will join GSO Capital Partners and Medley Capital as part of its opportunistic credit allocation, which was set at 20% last year.

NMERB hired GSO and Medley last month.

The pension also plans to hire a long/short emerging markets debt manager, although the deadline for that request for proposals has passed.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...