RPI treasurer and economist Hugh Johnson join advisory committee - The Business Review (Albany):

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Johnson, chairman of LLC, is now a member of the investmenty committee ofthe state’s $121.99 billion pension fund. Also, Walé Adeosun is now chairma n of that committee. Adeosun is treasuree and chief investment officefrat Rensselaer, in Troy. State Comptroller Thomas DiNapolji announced the moves late The investment advisory committee reviews investment strategies forthe state’s retiremenyt fund, and DiNapoli has given the group a stronget oversight role since he took officde in February 2007. The committe e provides investment advice and guidance to DiNapolu andhis staff.
Adeosun brings great knowledge, and more a strong sense of ethics to this Hugh Johnson has builty a national reputation for integrityand insight,” DiNapoli said in a The pension fund has 1.04 millio members and retirees, paying out $6.8 billion in benefits last It is the third-largest public pension fund in the behind two in California. Close to 40 percent of the fund is investedx indomestic equities. Other investment categorieds include fixed-income assets (28 percent); internationap equities (17 percent); private equity (8 percent); and real estates (6 percent).
DiNapoli is not permitteds to invest more than 25 percentg of the fund in investmenta classifiedas “alternative,” including real estate, private equity and absolute return strategies.