Newsmakers
New York Common Signs Political Disclosure Agreements With 7 Firms
State Comptroller Thomas DiNapoli warns that firms ‘that engage in political spending risk damaging their reputations.’
Tag: Comptroller
Newsmakers
Connecticut Leaders Agree to Reform State Pension System
Governor says changes will save the state and its cities more than $840 million over 31 years.
Regulation
New York Common Commits $1.3B to Sustainable Program
The $242.3 billion state pension fund also committed more than $600 million to alts in February.
Asset Allocation
New York State Comptroller Files Diversity Proposals
Thomas DiNapoli is calling for more accountability from portfolio firms regarding corporate diversity, equity and inclusion.
Newsmakers
State & Municipal Treasurers Publish Letter Encouraging McCarthy to Make Deal on Federal Debt Ceiling
They say a default would be ‘catastrophic’ and devalue portfolios, damaging pension funds and 401(k) plans.
Newsmakers
New York State Comptroller Calls for Political Spending Disclosures
Thomas DiNapoli files shareholder proposals with nine companies held in the state pension fund’s $233.2 billion portfolio.
Asset Allocation
NYC Pension Launches Dashboard, Reveals 25% Alts Allocation
The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.
Risk
Wall Street Job Losses Surge Despite Profits Near Record Highs
The securities industry workforce in New York City is expected to decline by nearly 50% more than it did in 2020.
Pensions
NYC Pension Funds Rebound After Missing Fiscal 2020 Target
The city’s five pension systems have returned an estimated 18% in the first seven months of fiscal 2021.
Pensions
Insurers Have Been Draining Funds from New Jersey’s Pensions for 15 Years
Report calls 2006 policy that shifted financial obligations for employee injuries to pensions ‘a windfall to insurers.’
Asset Allocation
NYC Comptroller Calls for SEC to Investigate Tyson
The Empire State’s pension system is mounting investor pressure against the poultry giant, which has been criticized for its pandemic safety practices in its plants.
Financial Journal Comptroller Pleads Guilty in Embezzlement Scheme
Eric Whitehead, of Grant’s Interest Rate Observer, faces 20 years in prison for using company assets to pay for personal expenses.
Pensions
New York Common Fund Returns 10% in First Quarter
After maintaining a conservative allocation strategy, the pension fund took the three months ending in June to snatch up some equities.
Coronavirus - COVID-19
New York Common Fund Loses 2.7% in Fiscal Year
The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets.
Asset Allocation
New York Pension Fund to Supplement Federal Small Business Loans
The state hardest hit by the coronavirus is bolstering relief efforts.