Friday, 24 March 2017
Last updated 5 min ago
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.