Hedge Funds

COMAC boosted by NY state allocation

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An additional commitment from the New York State Common Retirement Fund is the latest boost to COMAC Capital, the $5 billion London-based global macro firm headed by former Soros, Citigroup and Balyasny man Colm O'Shea.

The New York state pension fund, which is increasing its international hedge fund allocations and recently awarded a $250 million investment to emerging market debt specialist Finisterre, is investing a further $25 million in the firm's flagship COMAC Global Macro fund to take the total to $125 million.

COMAC Global Macro launched in June 2006 and has generated an impressive annualised return of over 14%.