Friday, 29 August 2014
Last updated 58 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...