New York Common Earmarked More Than $1.1 Billion to Alts in December
The pension fund also terminated a nearly $500 million account with Rockefeller Asset Management.
The pension fund committed nearly $500 million to real assets during the month.
The $280 billion retirement fund allocates the majority of its $4 billion in total monthly investments to real estate funds.
The pension fund increases its private equity investments while cashing out $500 million within its public equity portfolio.
Silos must be axed to enhance communication, argues strategist Rubin.
The Common Retirement Fund also earmarks investments in absolute return and credit.
The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.