New Mexico’s two large public retirement systems have already taken billion-dollar hits from a steep market downturn caused by actions taken in response to the coronavirus pandemic.
Renaissance Technologies’s James Simons, Citadel’s Ken Griffin, Points72′s Steven Cohen and Appaloosa Management’s David Tepper were among the biggest hedge fund earners in 2019 with each man raking in over $1 billion, according to Institutional Investor’s Rich List.
Even with investment gains Tuesday, Georgia’s giant teacher pension system, which sends checks to 133,000 retired educators each month, has lost $15 billion this year in the wake of the stock market crash caused by the coronavirus pandemic.
Receiving strong support from new and existing investors, Fund IV will continue its strategy of partnering with proven management teams to identify attractive opportunities in midstream infrastructure.