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

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of