The New York State Common Retirement Fund committed roughly $2.8 billion across opportunistic absolute return, credit, real estate, real assets and private equity funds.
The moves follow the $249 billion pension fund’s annual return report that showed a loss of 4.4% for the year ending March 31, 2023.
“Recent months have been trying for investors, but thanks to the state pension fund’s diverse investments, members, retirees and beneficiaries can rest assured their pensions are secure,” New York State Comptroller Thomas P. DiNapoli said in a statement. “There is no doubt that . . .
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