TITLE

NY Common Fund Doles Out to New Asset Classes

AUTHOR(S)
Giardina, Michael
PUB. DATE
January 2010
SOURCE
Investment Management Weekly;1/6/2010, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the New York State Common Retirement Fund (CRF) to invest over 250 million U.S. dollars on the distressed mortgage fund of York Investment. The said investment is under the fund's new opportunistic alternative class. It is expected that the opportunistic class will reach a 4% allocation while its new real asset pool will reach a 3% acme. Meanwhile, the fund has also decided to invest almost 350 million U.S. dollars to private equity, real estate and absolute return strategies.
ACCESSION #
47709589

 

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