Institutional Investors

New York launches emerging manager programme


The $132 billion New York State Common Retirement Fund has allocated $200 million to The Rock Creek Group to manage the first instalment of the new emerging manager component of its hedge fund portfolio.

Rock Creek will play a key role in developing the emerging manager hedge fund portfolio, focusing on newer firms, firms with assets totalling less than $500 million and women and minority-owned firms, according to State Comptroller Thomas DiNapoli. Led by the former World Bank Treasurer and chief investment officer, Afsaneh Beschloss, Rock Creek has extensive experience in trading, portfolio management, risk management and in offering