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 it’s a good firm,” Goeller said, “but we thought it was prudent to redeem our interest in full due to organizational issues.”
In March, four senior executives from Farallon’s value team—Bill Duhamel, Jason Moment, Ashish Pant and Rich Voon—left to launch their