Investing in the Inputs
How investors are capitalizing on the need for sustainable building materials.
How investors are capitalizing on the need for sustainable building materials.
Despite the exit of some major firms, asset managers representing $4.6 trillion say they remain committed to the initiative.
The $260 billion pension giant also allocated $1.6 billion across a variety of investments in March.
More than $400 million of the investment was made within the pension fund’s real estate portfolio.
The New York State Common Retirement Fund also invested $25.5 million in a fund managed by one of its Emerging Manager Program partners.
The amount of investment needed for this enormous task is $4 trillion yearly, but the effort is gearing up now.
The New York State Common Retirement Fund exited more than $4.4 billion worth of public equity investments during the first 11 months of 2023, moving more into private equity and emerging managers.
Climate-related initiatives struggled due to a ‘well-funded backlash’ from conservative interest groups.
Moody’s warns that a prolonged conflict could hurt the country’s credit rating.
The New York State Common Retirement Fund recorded the largest overallocation among global pension funds at $11.7 billion.
The position will report to the director of emerging managers, while the pension giant is also seeking an assistant counsel for investments.
The $254.1 billion pension giant also committed nearly $1 billion in July to a pair of investments within its credit portfolio.
The fund’s asset value rose to $254.1 billion, a big improvement from the prior-year period.