Key Takeaways
- • New Mexico Public Employees Retirement Association (PERA) is considering eliminating its hedge fund allocation, according to Pensions & Investments reporter Brian Croce, published November 11, 2026.
- • The available source material does not disclose the size of the current hedge fund allocation, the performance figures behind the review, or a final board decision.
- • The story is part of a broader pension-sector theme that includes Marsh's planned acquisition of Wilshire Advisors, expected to close in Q1 2027.
Summary
New Mexico's Public Employees Retirement Association (PERA) is weighing whether to drop hedge funds from its portfolio, according to a Pensions & Investments report by Brian Croce published November 11, 2026. The headline frames the move as a possible elimination of the hedge fund program rather than a reduction, indicating the fund is evaluating the strategy as a whole.
The publicly available excerpt of the article does not include the fund's current hedge fund allocation, the performance data or cost considerations driving the review, or the timeline for any board action. Readers seeking those details should consult the full Pensions & Investments article.
The story appears alongside other Pensions & Investments coverage of the institutional pension market, including Marsh's planned acquisition of Wilshire Advisors. Marsh, a consulting firm with $16.2 trillion in assets under advisement, is expected to close the deal in the first quarter of 2027, reuniting it with the U.S. public pension market it exited in 2010. Public pension decisions on hedge fund exposure are closely watched by consultants and alternative investment managers, given the influence of plan-level allocation changes on industry flows.
The publicly available excerpt of the article does not include the fund's current hedge fund allocation, the performance data or cost considerations driving the review, or the timeline for any board action. Readers seeking those details should consult the full Pensions & Investments article.
The story appears alongside other Pensions & Investments coverage of the institutional pension market, including Marsh's planned acquisition of Wilshire Advisors. Marsh, a consulting firm with $16.2 trillion in assets under advisement, is expected to close the deal in the first quarter of 2027, reuniting it with the U.S. public pension market it exited in 2010. Public pension decisions on hedge fund exposure are closely watched by consultants and alternative investment managers, given the influence of plan-level allocation changes on industry flows.
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