Institutional Investors

New Mexico PERA boosts hedge funds and alternative investments to 20%

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The New Mexico Public Employees Retirement Association approved a new asset allocation that boosts hedge funds and alternative investments that will now account for 20% of the portfolio.

Hedge funds will make up almost half of the allocation at 9%, while private equity will account for 5% and real estate and real assets will total 3% each under the new asset mix recommended by investment consultant Cliffwater. It is expected to take up to five years to fully implement the portfolio, while over the next six months moves can be made in the areas