New York State furthers direct investments as alleged kickbacks investigation widens

Thu May 7, 2009

The $154 billion New York State Common Retirement Fund has made an additional $235 million in direct hedge fund investments.

A new investment of $100 million went to global macro manager Brevan Howard, while a $55 million add-on allocation was made to Viking Global Equities III, a long/short equity fund. An additional $40 million apiece was committed to the tactical trading-focused BlueTrend Fund and event-driven debt fund...

ISSN: 2151-1845 / CDC10004H

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