New Mexico State Investment Council Lowers Hedge Fund Exposure over High Costs and Less Liquidity

Posted on 04/07/2023

The New Mexico State Investment Council (NMSIC) decided to restructured its US$ 10.8 billion fixed-income portfolio. NMSIC decided to also lower its portfolio exposure to hedge funds by US$ 1.3 billion. NMSIC decided to reduce the size of its hedge fund portfolio because they believe it is not a good fit for the council’s fixed-income…

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