Sep 20 2007 | 8:12am ET
The board of the $13 billion Public Employees Retirement Association of New Mexico last month authorized the first phase of the system’s portable alpha program.
PERA’s board set the alpha program, which is separate from the system’s current hedge fund strategy, at 5% of total assets and plans to increase it to 10% after 12-18 months, according to Robert Gish, PERA’s chief investment officer.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…