NEW Retirement official advises new bosses

An official for the New York State retirement pension up offered some important advice for new managers at a Conference in New York City investment.

Tyson Pratcher, Deputy comptroller for the 140.6 billion dollars New York State common retirement fund, said during a Panel discussion on the Consortium on Wednesday as the new 2011 managers struggle to manage the pension money will motivate the payment fees that they are looking for.

"We will negotiate. It will be a negotiation, "said Pratcher. "We can end up on these numbers, but you must prove to us why you need these numbers.

All-day conference brought out over 300 participants at a midtown Manhattan hotel. The purpose of the Conference was to bring together institutional investors, with women and minority-owned companies, as well as other mid to small size, new bosses.

Topics discussed ranged from providing seed money for new hedge funds for investment in Africa. The participants were representatives from the California public employees retirement system, State treasurers of Delaware and Rhode Iceland and managers from various investment groups.

Craig Huff, co-CEO of New York-based investment firm reservoir Capital Group, said in another panel that container for the 27 companies have provided seed money for the past 19 years, four were headed by minorities and women. But he said while the reservoir would bring in more investments with these types of new managers, fast seeking the same things each institutional investors want from their managers.

"We are just looking for the best talent, the best performance, the best return," said Huff.

As it turns out, the minority and women-based companies positive awards for their investment returns. Hedge fund research in their annual diversity Index, published in February, found that hedge funds are operated mainly by women and minorities have done far better than their more established peers.

Darrell Williams, a broker-dealer with Chicago-based Loop capital, the largest minority-owned investment bank in the United States, saw the benefits of collecting.

Consortium is a great opportunity to gather information and to educate ourselves about the possibilities that exist, "says Williams.