A multi-path fabric interconnected system with many nodes and many communication paths from a given source node to a given destination node. A memory allocation device on an originating node (local node) requests an allocation of memory from a remote node (i.e., requests a remote allocation). The memory allocation device on the local node selects the remote node based on one or more performance indicators. The local memory allocation device may select the remote node to provide a remote allocation of memory based on one or more of: latency, availability, multi-path bandwidth, data access patterns (both local and remote), fabric congestion, allowed bandwidth limits, maximum latency limits, and, available memory on remote node.