The New York State Common Retirement Fund has allocated $7 million to the York European Opportunities Unit Trust.
The allocation is a contribution to an existing relationship within the $132 billion retirement fund's absolute return portfolio. The York fund is event-driven oriented with a focus on European credit and equity. The investment closed earlier this year.
The retirement system has been focusing on putting together a $200 million emerging manager hedge fund programme and has been actively allocating to single manager hedge funds over the last couple of years with recent allocations going to