People Moves

New York State loses Carey to SkyBridge


Peter Carey, former director of absolute return strategies for the $133 billion New York State Common Retirement Fund, joined SkyBridge Capital to lead the firm’s business geared to institutional investors.

The pension fund has no immediate plans to replace Carey, but at the same time officials had already put the finishing touches on its hedge fund initiative this summer with the hiring of Rock Creek Group to manage $200 million in an emerging manager hedge fund portfolio.

Carey, who joined the pension fund from Bear Stearns, is known for leading the restructuring of