Asset Allocation
New York Common Retirement Fund Commits Over $1.5 Billion in May
The pension fund increases its private equity investments while cashing out $500 million within its public equity portfolio.
The pension fund increases its private equity investments while cashing out $500 million within its public equity portfolio.
Fund reported 26 commitments and two terminations between February and May.
The $442 billion pension fund is shifting money out of public equity and into private equity and other alts.
Unimpressed, as inflation sits at 8.6%, investors so far aren’t pouring into the money funds.