US - The New York State Common Retirement Fund (CRF) invested US$150m combined in private equity and absolute return strategies in October, according to the scheme's monthly transaction report.
State comptroller Thomas DiNapoli said the pension fund invested $100m in the Hudson Clean Energy Partners fund. This is a new relationship for CRF, DiNapoli said.
The investment is part of the pension fund's Green Strategic Investment Programme, which was set up last year to invest $500m over three years. Other investments in the program have included a $200m investment in the FTSE Environmental Technology 50 and HSBC Global Climate Change Index. (Global Pensions; August 19, 2009)
Separately, DiNapoli said CRF invested $50m in the Brevan Howard Fund, a global macro fund, increasing its existing investment with the manager.
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.