Monday, 27 February 2017
Last updated 2 days ago
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.