State Comptroller Thomas DiNapoli warns that firms ‘that engage in political spending risk damaging their reputations.’
Governor says changes will save the state and its cities more than $840 million over 31 years.
The $242.3 billion state pension fund also committed more than $600 million to alts in February.
Thomas DiNapoli is calling for more accountability from portfolio firms regarding corporate diversity, equity and inclusion.
State & Municipal Treasurers Publish Letter Encouraging McCarthy to Make Deal on Federal Debt Ceiling
The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.
The city’s five pension systems have returned an estimated 18% in the first seven months of fiscal 2021.
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.
Eric Whitehead, of Grant’s Interest Rate Observer, faces 20 years in prison for using company assets to pay for personal expenses.