New York State Common Retirement Fund, Albany, committed $400 million to Leading Edge Investment Advisors for small-cap equity investments, Thomas DiNapoli, the state comptroller and sole trustee of the $181.7 billion fund, said Thursday.
Mr. DiNapoli made the announcement at the pension fund’s eighth annual emerging manager conference in Albany.
Nikki Jones, spokeswoman for Mr. DiNapoli, said in an e-mail that the commitment is the pension fund’s first with Leading Edge, a San Francisco manager of managers whose work with emerging managers covers multiple asset classes
