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Franklin Templeton Loses NYSCRF Mandate
The New York State Common Retirement Fund, Albany, has sacked Franklin Templeton from a $920 million emerging markets equities portfolio.
TheNew York State Common Retirement Fund,Albany, has sackedFranklin Templetonfrom a $920 million emerging markets equities portfolio,Pensions & Investmentsreports. Franklin Templeton lost the mandate in July because of underperformance.
Additionally, the system appropriated an additional $500 million to domestic equity managerAronson Johnson Ortizand will invest an additional $450 million withHines HCP Hines Corporate Properties II. The retirement fund offers retirement, disability, and death benefits and also provides services to police and firefighter personnel.
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