Virtual machine (VM) technology is experiencing a resurgence due to various benefits including ease of management, security and resource consolidation. Live migration of virtual machines allows transparent movement of OS instances and hosted applications across physical machines. It is one of the most useful features of VM technology because it provides a powerful tool for effective administration of modern cluster environments.Migrating network resources is one of the key problems that need to be addressed in the VM migration process. Existing studies of VM migration have focused on traditional I/O interfaces such as Ethernet. However, modern high-speed interconnects with intelligent NICs pose significantly more challenges as they have additional features including hardware level reliable services and direct I/O accesses.In this paper we present Nomad, a design for migrating modern interconnects with the aforementioned features, focusing on cluster environments running VMs. We introduce a thin namespace virtualization layer to efficiently address location dependent resource handles and a handshake protocol which transparently maintains reliable service semantics during migration. We demonstrate our design by implementing a prototype based on the Xen virtual machine monitor and InfiniBand. Our performance analysis shows that Nomad can achieve efficient migration of network resources, even in environments with stringent communication performance requirements.