New York Commits To Global Macro, Event-Driven Hedge Funds

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.”


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note