Pensions
New York Common Earmarks Nearly $3B in Investments in August
The $268 billion pension fund allotted the bulk of its commitments to public equities, real estate, and credit investments.
The pension giant also committed another $1 billion to a BlackRock climate fund after dumping nearly $4 billion in public equities earlier this year.
Widely diversified asset allocation methodology offers promises of capital preservation, a boon post-crisis.