Pensions
NY State Pension Returns 11.55% in Fiscal 2024, Dumps Another Stock Fund
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
The $260 billion pension giant also allocated $1.6 billion across a variety of investments in March.
More than $400 million of the investment was made within the pension fund’s real estate portfolio.
The New York State Common Retirement Fund also invested $25.5 million in a fund managed by one of its Emerging Manager Program partners.
The New York State Common Retirement Fund exited more than $4.4 billion worth of public equity investments during the first 11 months of 2023, moving more into private equity and emerging managers.
More than half of the monthly commitments were made within the pension giant’s credit portfolio.