State Bill Advances to NY Govenor’s Desk to Increase Alternative Investment Allocations for Public Pensions

Posted on 06/01/2022

The New York General Assembly, the state’s legislature, approved a bill by a 139-10 vote that would allow large New York-based public pension funds to increase their alternative investment allocations to 35%, from the current 25% limit. This is after the New York State Senate voted 56-5 in favor of the bill on May 23,…

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