Manager Selection
NYC Pensions Seek Public Equities Passive Index Asset Managers
It is the first time the city’s pension funds have solicited managers for public equity index services in nearly a decade.
Tag: Mark Levine
Regulation
New York City Comptroller Warns Texas Move Would Disenfranchise Exxon Shareholders
Critics say recent Texas laws favor corporate decisionmaking at the expense of shareholders’ proposals and voting power.
Asset Allocation
New York City Aims to Build Up Reserves to Gird for AI Disruption
City Comptroller Mark Levine called for the share of tax revenue dedicated to ‘rainy day fund’ assets to rise to 16% from 8.5%.
Newsmakers
Monte Tarbox Brings Diversified Approach to NYC Pensions’ Investments
The CIO of the Bureau of Asset Management, overseeing New York City’s $306 billion in retirement assets across five funds, draws from his union pension background.
Corporate Moves
NYC Comptroller Calls for AT&T Shareholders to Vote for Equal Opportunity Disclosure
The telecommunications giant stated that EEO-1 reports ‘do not meaningfully reflect’ its organizational structure.
Asset Allocation
NYC Pension System to Invest $4B in Affordable Housing
The New York City Housing Investment Initiative, announced by Comptroller Mark Levine, would deploy $1 billion per year over the next four years.