New York State Common Retirement Fund, Albany, is adding $500 million to its investment in New York mortgages currently provided by Fannie Mae, state Comptroller Thomas P. DiNapoli, sole trustee of the $129.4 billion fund, said in a news release.
The additional investment raises to $4.36 billion the amount of mortgage investments attributed to Fannie Mae, which are part of the fund’s total $10.2 billion investment in New York mortgages, Robert Whalen, a spokesman for Mr. DiNapoli, wrote in an e-mail response to questions.
The new mortgage investment, like the fund’s fixed-income portfolio, which includes the mortgage program, will be managed by pension fund staff, Mr. Whalen said.
