New Mexico Jumpstarts Portable Alpha Program

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.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…