New York Boosts Hedge, Private Equity Portfolios

Mar 17 2008 | 11:13am ET

The $154.5 billion New York State Common Retirement Fund recently committed a total of $280.7 million to a slew of hedge funds and private equity funds. 

On the hedge fund front, the fund committed $5.1 million to Emerging Sovereign Master Fund, a multi-strategy fund; $22 million to Global Undervalued Securities Fund, an equity hedge fund; $30 million to King Street Capital Fund, a distressed securities focused fund; $2 million to NWI Explorer Global Macro Fund, a global macro fund; $10 million to Spinnaker Global Emerging Markets Fund, a global macro fund; $1.4 million to Spinnaker Global Opportunity Fund, a global macro fund; $3.1 million to SR Carthaginian, an equity hedge fund; $5.4 million to Strategic Value Restructuring Fund, a distressed securities fund; $2.1 million to Wexford Spectrum Fund I, a global macro fund, and $603,491 to Atticus European, an event driven focused fund. 

As part of its private equity mandates, the CRF has committed $20 million to FIMI Opportunity IV; €10 million (US$15 million) to N+1 Private Equity Fund II; €100 million to Bridgepoint Europe IV; and $10 million to Craton Equity Partners.

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