New York Pension Invests $330 Million In Hedge Funds

Mar 4 2010 | 6:37am ET

New York’s public pension fund is pouring more than $300 million into two hedge funds.

The New York State Common Retirement Fund has committed $230 million to Finisterre Capital’s Emerging Markets Fund, and $100 million to Brookside Capital Partners. Brookside is a long/short equity shop.

CRF also increased its investment in the Invesco Mortgage Recovery Feeder Fund by 50%, adding another $50 million.

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