Institutional Investors

New Mexico PERA adds two funds

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The New Mexico Public Employees' Retirement Association is continuing to build out its direct hedge fund portfolio and has hired two additional hedge fund firms for a total of $55 million each.

Brevan Howard was hired to handle a $20 million allocation, while Eton Park was awarded $25 million last month. Both firms have been popular in direct investment portfolios of US public pension funds.

The $9 billion New Mexico Public Employees' Retirement Association has been actively revamping its portfolio with allocations to Anchorage Capital, a long/short credit fund, earlier this year.