New York Pension Funds wants to lower the proportion of shares

The New York Pension Fund plans – according to a report by Reuters – to shift funds from shares to bonds. The goal is to reduce market risk and secure liquidity in the $216 billion fund. At the Reuters Global Investment Outlook 2020 Summit in New York, Anastasia Titarchuk, CIO of the New York State Common Retirement Fund, mentioned that a current asset allocation study will probably come to the conclusion to reduce the proportion of shares.

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