Thursday, 26 March 2015
Last updated 1 hour ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…