The New York State Common Retirement Fund has appointed Albourne Partners as its specialist hedge fund consultant, Pensions & Investments reports. The firm will replace Aksia, whose contract expires at the end of the month.
The retirement system’s hedge fund portfolio has over $4 billion in assets under management. Around 60% of the portfolio as of end of the September last year was invested directly in single and multistrategy hedge funds and the balance was invested in hedge funds of funds.
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