Newsmakers
New York Common Retirement Fund Invests Over $2.7 Billion in March
Pension giant commits nearly $1.2 billion in credit investments and $1 billion in private equity funds.
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.
The state pension plan is incorporating sustainable investing across asset classes.
Job growth, debt, and general economic sluggishness weigh on the laggards, Conning says.