New York State Pension Commits More Than $1.3B in Investments in August
The majority of the month’s investment commitments were earmarked for the pension giant’s real estate portfolio.
The majority of the month’s investment commitments were earmarked for the pension giant’s real estate portfolio.
The $750 billion National Pension Service’s investment provides it with an undisclosed minority interest in San Francisco-based Stockbridge Capital.
AUM growth decelerates and fundraising softens, Preqin reports.
The $77 billion pension fund is also looking to hire an investment officer for corporate governance and stewardship.
They provide diversification, and use of them will grow, a Schroders survey finds.
Marking a third straight period of losses, the index’s EPS suffered in financials, real estate, material, health care and energy, a survey finds.
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.
The $254.1 billion pension giant also committed nearly $1 billion in July to a pair of investments within its credit portfolio.
They describe how higher rates have elevated the once-ignored asset class into a vital position.
The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.
Nearly half of the commitments were made to three private equity funds.
Morningstar says multi-family’s finances are even more precarious.
The world’s most populous nation is enjoying a stock market surge and appears poised for further investment.
The pension fund also rehired NEPC as its real estate investment consultant.