The New York State Common Retirement Fund (CRF), which is responsible for approximately $250 billion in assets, terminated a $1.4 billion domestic large-cap account with Eagle Capital Management. The move took place on Aug. 16 and was disclosed in a monthly transaction report from the office of Thomas DiNapoli, New York State Comptroller and the CRF’s sole trustee.
The $1.4 billion redeemed from the account was allocated to cash. The report noted that CRF plans to add external fixed-income managers to its portfolio -- which is currently primarily managed internally -- to . . .
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