The pension is now studying the impact of a 2% to 4% allocation to managed futures on the total fund.
Pension says companies with diverse boards perform better financially.
Stringer and city pension funds succeed in broadening boards at more than half of 151 targeted companies.
18% of US companies targeted in July 2017 now have, or have concrete plans to have, women and minority board members.
More than a third of board members and a quarter of executives in large corporations are female.
Treasurer’s initial proposal of 30% diverse dismissed as ‘arbitrary and limiting.’
State treasurer requested fund define a diverse board as at least 30% women.
Diversity agreements made with four Fortune 500 companies.
Requests each company develop and disclose policies, implement plans.
Positive M/WBE data drives success for NYC pension funds.
Groups represent just 1.1% of the trillions of dollars overseen by the global asset management industry, report says.