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New Mexico lowers hedge fund exposure in favor of more liquid alternatives
The state's pension for public workers is cashing out of some hedge funds to make room for what it calls liquid alpha strategies.
The New Mexico Public Employees Retirement Association has tweaked its absolute return investment strategy, lowering the amount it plans to invest in hedge funds and increasing the amount it will allocate to what it calls liquid alpha strategies. The pension adopted the plan last month. The investment staff of the
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