NY Pension Fund Merges Goldman

NY Pension Fund Enters $2B Partnership with Goldman Sachs

New York State’s main public pension is benefiting an American multinational investment banking firm Goldman Sachs Asset Management $2 billion to invest in global stocks.
The New York State Common Retirement Fund has charged the bank with hiring seven or eight outside hedge funds focused on markets outside of the U.S. It is Goldman’s largest-ever such asset-allocation deal.
Goldman and the $181 billion pension had been in talks about the arrangement for a year-and-a-half. And New York State Comptroller Thomas DiNapoli said the system is in discussions with other firms about similar deals, as well as with Goldman about sustainable investment options.
Source: FINalternatives

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund Industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, New York, New York State Pension Fund, Investment Banking, Goldman Sachs, Goldman Sachs Asset Management, New York State Common Retirement Fund, Thomas DiNapoli.

Hedge Fund Videos | 30+ Free Videos on Hedge Funds