New Mexico Public Employees Retirement Association, Santa Fe, committed $20 million to LIM Asia Multi-Strategy Fund, a hedge fund focused on investments in Asia, said Joelle Mevi, deputy director, investments, for the $10.9 billion association.
The association’s board also placed SSgA and Artio Global Investors on watch for performance. SSgA manages $365 million in its International Alpha Select Strategy, and Artio handles $220 million in its International Equity II Fund.
Officials at SSgA and Artio could not immediately be reached for comment.
R.V. Kuhns is the association’s consultant.