NY State Pension Allocates Over $1 Billion to Alts in July
The pension fund committed nearly $500 million to real assets during the month.
The pension fund committed nearly $500 million to real assets during the month.
Common Retirement Fund reports 8.24% loss amid volatile markets, rising inflation and war.
Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.
New York State Common Retirement Fund benefits from having a fiscal year that ended before the second-quarter market slump.
The $280 billion retirement fund allocates the majority of its $4 billion in total monthly investments to real estate funds.
He succeeds Michael Haddad to become the first permanent CIO of NYCRS since Alex Doñé left in December.
The pension fund increases its private equity investments while cashing out $500 million within its public equity portfolio.
Former NYC mayor cites gunmaker investments held by the state’s two largest pension funds.
Protesting working conditions at the e-commerce giant’s warehouses, the city and state funds urge no votes on reelecting board members.
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.
The public pension funds join a growing number of institutional investors pulling their money out of Russia.