New Mexico Ramps Up Hedge, Private Equity Portfolios

Aug 22 2007 | 11:14am ET

The board of the Public Employees Retirement Association of New Mexico recently added a group of hedge funds and a private equity fund to its portfolio.

On the hedge fund front, the board allocated $35 million each to Stark Investments and AG Superfund, both multi-strategy hedge funds, and TPG-Axon Partners, an equity long/short hedge fund. All three hedge fund investments are to be funded from its fixed-income portfolio.

The system’s board also approved a $30 million allocation to KRG Capital Fund IV, a mid market buyout fund, to be funded from equities.

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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…