New Mexico SIC reboots hedge fund target to 8%

Mon Sep 5, 2011

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The $15 billion New Mexico State Investment Council boosted its target hedge fund allocation to 8% from 5%, after lowering the previous target allocation of 10%, post 2008.

According to spokesman Charles Wollmann, trustees have not decided whether they will keep the current exposure to existing managers or seek additional managers as the portfolio is currently near...

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