Thu, Mar 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

New York pension fund allocates $446.3m in 10 funds, including $125m to Pennant Windward L/S Fund

Thursday, February 04, 2010

From Precy Dumlao, Opalesque Asia:

The $126bn New York State Common Retirement Fund (CRF) closed 10 transactions in December amounting to $446.3m, including transactions in hedge funds, private equity and other alternative investments, according to report by state comptroller Thomas P. DiNapoli.

The monthly report said at least $125m was allocated to absolute return strategies. The transaction was awarded to Pennant Windward, an equity long-short fund. This investment is a new relationship for CRF.

"CRF invests with absolute return strategies general partners directly and through managed funds of-funds organized as separate accounts for CRF. Significant activity includes new and increased commitments to general partners made directly by CRF, and new and increased commitments through funds-of-funds," DiNapoli said in a statement.

Other allocations made by CRF includes four transactions in its private equity portfolio totalling $160m, two transactions in its opportunistic alternatives portfolio totalling $150m and three transactions in its real estate portfolio totalling $11.3m.

The CRF holds assets in trust for more than one million employees and retirees from State governments, most local governments and some public authorities.

Across the globe, institutional investors from universities to pension funds are re-considering investing in hedge funds after the industry regained its confidence since the 2008 to early 2009 financial turmoil.

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  3. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He

  4. Opalesque Exclusive: Swiss start-up and German fund manager to launch AI hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: NNAISENSE, a Swiss start-up that develops artificial intelligence (AI) and machine learning applications, and

  5. Eric Mindich to shutter hedge fund Eton Park after difficult 2016[more]

    Komfie Manalo, Opalesque Asia: Erich Mindich is shutting down his hedge fund Eton Park after losing 9% in 2016 and its assets falling by $2bn to the current $7bn, Reuters reported. Mindich told investors