The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.
He succeeds Michael Haddad to become the first permanent CIO of NYCRS since Alex Doñé left in December.
The Comptroller’s Office has launched a nationwide search for an investment manager to oversee the city’s $274 billion pension portfolio.
The public pension funds join a growing number of institutional investors pulling their money out of Russia.
A reduction would help the pension system better match projected investment returns.
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.
Sure, passive beats active hollow overall, but ferreting out the market beaters is worth it. Some pension funds heartily agree, some really don’t.
Increase raises total assets in emerging managers initiative to $8.8 billion.
Proposals demand end to nondisclosure agreements and noncompete clauses.
David Enriquez will handle city’s $12 billion PE portfolio, which spans its five pension systems.