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.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...