New York State Common Retirement Fund, Albany, has invested more than $1 billion in alternatives in August, Pensions & Investments reports. The retirement system has contributed to its private equity, hedge funds and real estate portfolios.
Hedge fund mandates got $380 million from the fund, $105 million in add-on funding to D.E. Shaw Oculus International Fund, $100 million in new funding to AG Super Fund, $70 million in add-on funding to Brigade Leveraged Capital Structure Fund, $55 million in add-on funding to Brevan Howard Fund and $50 million in add-on funding to Comac Global Macro Fund. In real estate, the scheme invested a combined $308 million.
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