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New Mexico PERA adds $20m to Asia multi-strategy fund


New Mexico Public Employees Retirement Association is understood to have allocated $20 million to the LIM Asia Multi-Strategy Fund.

The $11 billion retirement system has been actively building its single manager portfolio, which totals more than $500 million. PERA's long-term alternative asset mix includes a 5% allocation to hedge funds. Officials recently appointed Joelle Mevi as chief investment officer, She had been acting CIO since October 2009 and began her career at the pension fund as deputy director of investments in February 2009. She is now responsible for providing the board with recommendations regarding investment policy, asset allocation, portfolio