New York State Common Retirement Fund related stories
All articles and analysis
Electra closes E1bn fundElectra Partners intends to invest in approximately 15 companies over the next three to four years.
- Rhode Island CIO Leaves For Private Sector
The chief investment officer of Rhode Island’s state pension fund, Kenneth Goodreau, will become CIO of TIG Advisors on Jan. 1, the private New York-based investment manager said, sister news service Reuters reported. The move is the latest in a string of departures by top U.S. pension fund executives for the private sector where salaries tend to be significantly higher than in state governments.
- LP Scorecard: Technology, Energy, S. Africa Are NY Common's Top Performers
Technology buyouts are the top performers for the $150.6 billion New York State Common Retirement Fund in an analysis of its private equity funds spanning vintage years 1999 to 2004.
- Former NY Pension CIO Sentenced For Corruption
David Loglisci, former chief investment officer at the New York state pension fund, was sentenced to a conditional discharge Tuesday for allowing a "culture of corruption" at the fund.
- Reuters - NY Pension Invested in Controversial PE Vehicles
An investigation by New York's top prosecutor into whether a group of private equity firms used a fee arrangement to dodge taxes may be undermined by the state's own public pension fund, writes Reuters. New York Attorney General Eric Schneiderman in July subpoenaed more than a dozen private equity firms, including Apollo Global Management LLC, Bain Capital LLC, KKR & Co LP, Silver Lake Partners LP and TPG Capital LP, over their practice of converting management fees paid by investors into fund investments. Schneiderman's office is investigating whether the practice, known as a "management fee waiver", was exploited by private equity firms to reduce their taxes, writes Reuters.
- LP Scorecard: Get your Return Data Here!
This week Buyouts brings you the one-click shop for your pension fund return data. Scroll down to find out where you can get the most up-to-date performance data for the most prominent US pension funds investing in private equity.
- NY Pension Invested in Controversial PE Funds
New York Attorney General Eric Schneiderman's crusade against the management fee waiver seems to conflict with the agreement, and the interests, of the New York State Common Retirement Fund. Who is right about the legality of the waiver?
- New CIO Tapped At N.Y. Common, No. 3 Pension: Updated
Vicki Fuller, an executive at Alliance Bernstein, was tapped to be chief investment officer of the $150 billion New York State Common Retirement Fund, the nation’s third largest pension fund. She is due to start on Aug. 30, and her annual salary for running a pool of money larger than the annual output of New Zealand: $300,000.
- LACERS Finally Picks A CIO After 2-Year Search
Proving that the hiring process at public pensions can sometimes be very s-l-o-w, the $10.4 billion Los Angeles City Employees’ Retirement System named Rodney June as its chief investment officer, replacing Daniel Gallagher, who retired two years ago, in June 2010.