More Alternatives in New Mexico PERA’s Future

Liquid hedge funds are the answer

June 29, 2009

The New Mexico Public Employees' Retirement Association (NMPERA) will implement an action plan to get its alternative investment allocations up to target by the end of 2009, Robert Gish, director of investments with the roughly $8.2 billion system, told IMW. Gish explained that the plan currently has a 15% allocation to alternatives. Hedge funds and private equity each receive 5% each, while 2.5% each is invested in real estate and tangible assets. However, the plan has…

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