Thursday, 25 December 2014
Last updated 1 day ago
Nov 29 2007 | 11:08am ET
The New Mexico State Investment Council has increased its allocation to funds of hedge funds in two funds it manages to 15% of assets from 10%.
To accommodate the bump up, the $10.85 billion Land Grant Permanent Fund will decrease its allocation to domestic equities from 53% to 51% and domestic fixed income from 18% to 15%, according to a spokesman. The $4.73 billion Severance Tax Fund will also decrease its domestic equities allocation, from 53% to 48%.
The SIC has currently invested in 16 funds of hedge funds, totaling more than $1.3 billion.
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.