NY Governor Kathy Hochul Signs Law Allowing NY Public Funds to Increase Alternative Allocations
Posted on 01/03/2023
On December 23, 2022, New York Governor Kathy Hochul signed into law that expands the “basket clause”. The law permits large New York-based public pension plans to increase their alternative investment allocations to 35% from 25%. The basket clause law affects New York state’s largest public pension funds, which includes the New York State Common…
