Tag: New York Common Retirement Fund
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.
The Common Retirement Fund also earmarks investments in absolute return and credit.
The Common Retirement Fund allocates nearly half of the month’s commitments to real estate investments.
These vital physical assets are a steady-returning opportunity that American pension programs under-utilize, fans say.
DiNapoli seeks to increase the state Common Retirement Fund’s sustainable investments to $20 billion.
Private equity helps raise fund’s asset value to $210.2 billion.
Opponents of the bill cite New York’s potential influence on the rest of the country.