Empire State Says Excelsior To Alts. In October

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of