Friday, 30 January 2015
Last updated 7 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…