CRF fires BlackRock from enhanced indexing mandate

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US - The New York State Common Retirement Fund (CRF) terminated BlackRock from a $1.6bn Russell 1000 Alpha Tilts large cap portfolio.

The pension fund pulled it mandate in October, a monthly transaction report showed. The enhanced indexing strategy underperformed in the year ended September 30 returning 7.03%, 372 basis points...

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