Friday, 19 December 2014
Last updated 7 min ago
Nov 21 2007 | 11:41am ET
The folks at the $13 billion Public Employees Retirement Association of New Mexico are bullish on alternative investments. The system’s board this month committed $70 million to a pair of hedge funds. The move follows the $100 million in commitments made to alternative investment funds last month.
Most recently, the board committed to invest $35 million in Ascend Capital, an equity long/short and equity market neutral hedge fund. The money will come from the system’s fixed income portfolio. The board also committed another $35 million to Pendragon (Lancelot) Fund, a London-based event-driven hedge fund focused on small to mid-cap European companies. The move will also be funded from fixed income.
Last month, the board awarded $35 million to Canyon Value Realization Fund, $35 million to Marathon Special Opportunities Fund, and $30 million to Natural Gas Partners Fund IX. The system also funded these three commitments from its fixed income portfolio.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.