Institutional Investors

Highline and Saba to benefit at New Mexico Public Employees Retirement Association

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The $12 billion New Mexico Public Employees Retirement Association plans to add more hedge funds to its portfolio: subject to approval by the general counsel, $45 million will be allocated to Highline, a long/short equity hedge fund for the absolute return portfolio, while a total of $49 million will be allocated to Saba, a market-neutral hedge fund.

The Saba allocation will be split between the absolute return and the portable alpha portfolios. If funded, the allocations will follow the scheme’s established approach of making allocations of between $20 million and $50 million direct to single-manager funds, with strategic