Strategies
New Mexico State Investment Council
The New Mexico State Investment Council rather enjoyed seeing hedge funds battle a tough market during the past year. NMSIC runs $12.5 billion in endowment funds, which help finance state government expenditures. The council, looking to invest in the asset class, was able to see which hedge funds struggled or thrived; now it has selected 12 thriving fund-of-funds managers to run a combined $1 billion.
