Sunday, 30 August 2015
Last updated 1 day ago
Nov 5 2007 | 12:32pm ET
The board of the $13 billion Public Employees Retirement Association of New Mexico last month committed $100 million to three alternative investment vehicles.
The board awarded a $35 million mandate to Canyon Value Realization Fund, a credit oriented hedge fund, and a $35 million mandate to Marathon Special Opportunities Fund, a global distressed securities hedge fund. Both commitments are being funded from the system’s fixed-income portfolio.
On the private equity front, the board committed $30 million to Natural Gas Partners Fund IX, a real asset partnership targeting investments primarily in upstream oil and gas companies. The system is also funding this commitment from its fixed income portfolio.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…