Farallon loses New Mexico’s $30 million pension allocation
October 29, 2010
The New Mexico state employee pension has dropped Farallon from its $30 million mandate.
The $11.1 billion New Mexico Public Employees Retirement Association has decided to redeem its $30 million investment from Farallon Capital Management. The board of the retirement association made the decision yesterday, citing the departure of four senior executives from Farallon earlier this year, according to Jason Goeller, who oversees hedge funds for the pension. “We still think...
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.