New York State Common Retirement Fund related stories
All articles and analysis
- Exodus Continues at MassPRIM, CIO Stanley Mavromates Departs for Mercer
Stanley Mavromates Jr., MassPRIM's chief investment officer since 2005, announced he is leaving the $50 billion pension system to be CIO of consulting firm Mercer.
- Florida's New PE Team Makes First Set of Commitments
The Florida State Board of Administration made its first set of private equity commitments under Trent Webster, its new senior investment officer for private equity and his deputy, John Bradley.
- New York Common Commits $405 Million to Four Funds
The New York State Common Retirement Fund made a series of four private equity commitments, together amounting to more than $400 million.
- Equity One Buys Old Connecticut Path
Equity One Inc. has paid $23.2 million to acquire Old Connecticut Path, a 80,000 square foot shopping center, as part of a joint venture with New York State Common Retirement Fund. Equity One is a developer and operator of shopping centers. New York State Common Retirement Fund has $146.5 billion in assets.
- LP Briefs, November 2011
Venture Alpha roundup of LPs; more roster changes at state pension funds
- Infographic: LP Temptation To Cross To The Dark Side
Ronald Schmitz recently acknowledged to sister magazine Buyouts that the $900,000 in potential annual compensation offered by Virginia Retirement System factored in his decision to become its next chief investment officer this month. Schmitz had been CIO of Oregon Public Employees Retirement System since 2003. Schmitz joins a parade of investment officers that have stepped down this year from positions at retirement funds in California, Massachusetts, New Mexico and New York. Some, like Schmitz, are staying in the public sector. Others, like Raudline Etienne, former chief executive of the New York State Common Retirement Fund, are heading into the private sector, in her case to join consulting firm Albright Stonebridge Group. Just how big a role compensation plays in any individual departure is almost always impossible to say. Still, the latest edition of the 2011-2012 Holt-Thomson Reuters Private Equity and Venture Capital Compensation Report (North American edition) sheds light on what public pension funds are up against in competing with the private sector for talent--click through for infographic.