Monday, 3 August 2015
Last updated 2 days ago
Dec 27 2010 | 2:18am ET
Alternative investments firms were the beneficiaries of nearly all of the more than $300 million committed by New York's largest public pension system.
The New York State Common Retirement Fund made a total of $343 million in commitments in October, HedgeFund.net reports, citing the pension's latest monthly transaction report. The biggest chunk, $275 million, went to three long/short equity hedge funds.
Another $50 million went to an emerging manager fund of hedge funds, with $12.5 million entrusted to private equity firm Grey Mountain Capital Partners.
The New York pension, one of the country's largest, has more than $130 billion in assets.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…