Commercial real estate in the Nordic region, suburban garden style apartments in the US are among the $565 million in bets the pension fund placed in August.
If the health hazards are resolved, look for a reverse exodus. That’ll benefit battered office REITs.
New York regulator said the firm illegally entered into 14 risk transfer deals.
Commissions in the securities industry have dropped during other financial crises. In 2008, they fell 47%.
The state pension plan is incorporating sustainable investing across asset classes.
The Common Retirement Fund has incrementally increased its exposure to fixed income such as cash, bonds, and mortgages.
Move is a step in the New York State Common Retirement Fund’s overall plan to decarbonize its portfolio.