Wednesday, 22 October 2014
Last updated 12 min ago
Jun 12 2007 | 3:37pm ET
The Public Employees Retirement Association of New Mexico is committing a total of $95 million to three hedge and private equity funds, according to minutes from today’s investment committee meeting.
The $11 billion system is making an allocation of $35 million allocation to Mariner Partners, a fixed-income arbitrage hedge fund, to be funded from its fixed-income portfolio. The system is also committing $30 million to Kelso Investment Associates VIII, a p.e. fund focused on buyouts of medium-sized companies, to be funded from its equities portfolio. Also, a $30 million allocation was made to JMI Equity Fund VI, a venture capital fund focused on later stage companies, to be funded from its equities portfolio.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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