New York State Common Retirement Fund, Albany, hired Mellon Equity...

New York State Common Retirement Fund, Albany, hired Mellon Equity Associates to run $500 million in a large-cap enhanced index strategy. The $110 billion system also allocated $500 million to J.P. Morgan for its enhanced index fund, bringing its account with Morgan to $1.5 billion as of June 30. Funding for both allocations came from an internally managed S&P 500 index fund. The system also added $100 million to its Delaware International Advisers’ active EAFE account, bringing the balance to $240 million as of June 30. Funding came from cash flow. In addition, the fund committed $200 million to the Hudson River Fund, a fund of funds managed by Hamilton Lane Advisors; closed a joint venture program in which it invested $100 million and its partner, Lexington Corporate Properties Trust, invested $50 million to acquire a national portfolio of single-tenant net-leased properties through its adviser, Clarion Partners; and purchased a $3.23 million mortgage from the Community Preservation Corporation on Cranberry Estates, an affordable housing project in Halfmoon, N.Y.