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June 25, 2013

DiNapoli Receives Pacesetter Award from National Association of Securities Professionals

New York State Comptroller Thomas P. DiNapoli accepted the Pacesetter Award today for his leadership in promoting the involvement of women and minorities in the securities industry at the National Association of Securities Professionals’(NASP) 24th annual Pension and Financial Services Conference in New York City. 

“I am greatly honored to receive the Pacesetter Award from NASP, an organization with a mission we can all stand behind,”DiNapoli said. “The New York State Common Retirement Fund is committed to opening doors that were sometimes shut to women and minority investment professionals.  The strong results we’ve seen with our emerging managers program prove that diversity is truly our strength. I will continue to support efforts to ensure fair opportunities for all in the securities industry.”

“Comptroller DiNapoli has been a true ally and advocate for NASP,”said Orim Graves, executive director of the National Association of Securities Professionals. “We are proud to honor him with the 2013 Pacesetter Award and look forward to continuing to work with his office in pursuing the objectives of NASP which works to foster the growth and development of minority and women professionals in both minority and non-minority owned firms.”
      DiNapoli is trustee of the $160.4 billion New York State Common Retirement Fund (Fund), which holds assets in trust on behalf of the 1 million members, retirees and beneficiaries of the New York State and Local Retirement System. 

Since becoming Comptroller in 2007, DiNapoli has made diversity a key strategic priority. Under his direction, the Fund has invested approximately $7 billion with minority and women-owned business enterprises and is one of the few state pension funds in the nation with emerging manager programs in all alternative asset classes.

The Fund’s emerging managers program invests approximately $3.6 billion with smaller, newer funds and separate account managers. Program managers invest in different structures and markets than larger firms and in so doing, provide diversification for the Fund's portfolio. The program enhances the Fund's ability to partner and invest with experienced, but younger individuals and newer firms that are expected to graduate into large, institutional, best-in-class investment managers.



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