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Bills Proposed to Permit More Alternative Investments by New York Public Pension Funds
Pensions & Investments Link to more items from this source
June 5, 2014
"The bills, introduced in the state Senate and state Assembly, would amend the so-called basket clause, allowing public pension funds to devote as much as 35% of allocations outside the 'legal list' rather than the existing 25%.... The basket clause has been amended several times since 1982 when the allocation to alternative investments was first set at 5%[.]"

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