New Mexico Boosts Alts. Portfolio

Jun 13 2008 | 11:14am ET

The $13 billion State of New Mexico Public Employees Retirement Association last month committed a total of $115 million in a trio of hedge and private equity funds. 

The fund approved a $35 million allocation to Sandell Asset Management’s Castlerigg Partners, an event-driven hedge fund, to be funded from fixed-income; $25 million to Onex Partners III, a p.e. fund investing in mid-market buyouts, to be funded from equities; $30 million to Silver Point Capital, a p.e. distressed debt fund investing in mortgage opportunities, to be funded from equities.

The fund has also extended the contract of its alternative investment consultant, Cliffwater, for another two years.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...