New York State Teachers' Retirement System Risk Committee Meeting January 2026
NYSTRS Recommends $200M High Yield Mandate to BlackRock
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Description
The NYSTRS Investment Committee recommended contracting with BlackRock Financial Management, Inc. to manage a fixed income high yield portfolio, with up to $200 million in initial funding, contingent on satisfactory due diligence. BlackRock will be benchmarked to the ICE BofA US High Yield Constrained Index.
Contract Details
Contract Amount
up to $200 million initial funding
Vendor
BLACKROCK FINANCIAL MANAGEMENT INC
Agency
New York State Common Retirement Fund, NY
Contract Type
FINANCIAL_SERVICES
Document Date
January 28, 2026
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