Saturday, 25 February 2017
Last updated 5 hours ago
May 23 2008 | 2:25pm ET
The $154.5 billion New York State Common Retirement Fund has committed $36.6 million to a group of hedge funds.
The fund in March committed $5 million to Clarium Capital and $5 million to the GLG Emerging Currency & Fixed Income Fund, both global macro offerings, as well as $681,106 to Global Undervalued Securities Fund, $12 million to Millennium Global Credit Fund, a global macro fund, $2.5 million to Paulson Advantage Plus, an event-driven fund; $2.5 million to Whitebox Hedged High Yield, a capital-structure arbitrage fund; and $9 million to Xerion Fund, an event-driven fund.
The commitments were made through one of CRF’s fund-of-fund programs, which are not disclosed “for competitive reasons.”