Thomas P DiNapoli News

There's plenty to go around. (Reuters/Tiksa Negeri)

Normally risk-averse US pension funds are starting to bet big on Africa

Private equity firms see Africa as the next big thing. But now US public pension funds are starting to look at the continent too.

Vicki Fuller, Chief Investment Officer, New York State Common Retirement...

New York pension fund to invest up to $5.4B in Africa

The New York State Common Retirement Fund, one of the largest U.S. Pension funds and worth about $180 billion, plans to invest as much as 3% of its assets in Africa in the next five years to diversify its portfolio and boost returns.