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Buddy Media sale generates 15-fold return for pension fund

The New York State Common Retirement Fund raked in an estimated $41.2 million from the sale of marketing company Buddy Media to Salesforce.com from an initial investment of $2.8 million, Comptroller Thomas DiNapoli said last week.

State pension fund tops $150 billion

New York State’s $150.3 billion pension fund increased in value by nearly 6 percent during the state’s 2011-2012 fiscal year but still fell short of its target growth.