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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note