New Mexico Cuts Ties With Eton Park, Marathon

Oct 11 2012 | 12:09pm ET

New Mexico's main public pension fund will yank its money from two top hedge funds.

The New Mexico Public Employees Retirement Association's board voted last month to redeem $61 million from Eton Park Capital Management and $38 million from Marathon Asset Management. The moves are part of a broader overhaul of the pension's portfolio and follow its decision to redeem from Paulson & Co. earlier this year.

At least some of the proceeds from the redemptions are likely to go to the EnCap Energy Capital Fund: It's board will vote on a $30 million investment in that fund this month.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…