
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 Common Retirement Fund allocates nearly half of the month’s commitments to real estate investments.
Its purchase of a stake in a swanky NYC tower shows there’s demand for the new stuff. But older buildings are struggling.
Sporting good returns, Lockheed Martin’s investment chief prepped at State Street and General Electric.
Despite crackdowns on businesses and too much debt, the nation should resume its ascent, says NEPC.