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.”


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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