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News Brief

June 19, 2003
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The New York State Retirement Fund has set aside $200 million to invest in Israeli infrastructure projects. The $109 billion pension fund, the second biggest in the United States behind California, will become one of the largest private investors in Israel. A spokesman for New York State Comptroller Alan Hevesi told Israeli and American businesspeople in New York this week that the move signifies a recognition that there “is a stable and growing economy in Israel,” and “allows us to express our solidarity with the State of Israel.”

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