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January 5, 2009

DiNapoli Releases November 2008 Pension Fund Report

Fund Expands Emerging Manager Program, Closes Four Transactions

The $153.9 billion New York State Common Retirement Fund (Fund) in November expanded its emerging manager program by $200 million and closed four investment transactions totaling about $3.5 million, according to a monthly transaction report State Comptroller Thomas P. DiNapoli released today.

The Fund expanded the emerging manager program with FIS Group by providing $105.7 million to eight existing emerging managers and $94.5 million in additional capital to fund four new emerging manager mandates. The Fund also closed four real estate transactions. No placement agents were used in the transactions.

DiNapoli publishes monthly transaction reports that detail the nature, size, and parties of Fund investments. The report also indicates whether a third-party placement agent was used in obtaining the Fund investment. This effort is part of DiNapoli’s ongoing commitment to increasing transparency and openness in the operations of the pension fund. Monthly reports dating back to February 2007 are also available online.

Click here for a copy of the November 2008 transaction report.

Click here to access the monthly transaction report archive.

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