Asset Allocation
NY Pension Giant Earmarks $3 Billion for Multi-Asset Strategic Deals
The New York State Common Retirement Fund allocated a total of $4 billion during April alone.
The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.
The state pension plan is incorporating sustainable investing across asset classes.
Job growth, debt, and general economic sluggishness weigh on the laggards, Conning says.