Pensions
New York City Mulls Lowering Investment Return Targets to 6.8%
A reduction would help the pension system better match projected investment returns.
Tag: New York City
Asset Allocation
Two NYC Pension Funds Divesting $4 Billion from Oil Companies
The move from the largest funds under the $239.8 billion New York City Retirement Systems follows a commitment made in 2018.
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.
(Exclusive) Triage: How a Virus, a Mission and NYC’s Most Vulnerable Created a Story of Hope
During the height of the COVID-19 pandemic, as markets were rapidly crashing, MSK’s CIO and investment team were asked to redeploy 30% of the staff to serve the Cancer Center’s broader mission.
Pensions
New York City Takes ‘Major Next Step’ on Fossil Fuel Divestments
City hires Meketa Investment Group to develop divestment plan by end of year, citing federal inaction on climate change.
Asset Allocation
NYC and London Mayors Urge Global Cities to Divest from Fossil Fuels
Mayors Bill DeBlasio and Sadiq Khan implore that ‘time is running out’ on climate change; provide a toolkit for divestment.
Newsmakers
600-Plus Companies Adopt NYC Pensions’ ‘Proxy Access’ Agenda
Comptroller Stringer’s push for major shareholders to change board structure, climate change views, is paying off.
Asset Allocation
NYC Pension Funds Beats Target, Returns 7.24% in 2019
Higher return on actuarial asset value equates to $112 million in total savings
Newsmakers
Help Wanted: Investment Pro for NYC’s Real Estate Holdings
The city’s five public pension funds have a property portfolio worth $18 billion.
Newsmakers
Trade War Optimism, Fed’s Pivot Boosts New York City’s Q1 Returns
Pension system’s deputy CIO explains why the markets ‘bounced back.’
Newsmakers
New York City Leads Anti-Carbon Coalition of Big Funds
Institutional group wants the top 20 public power companies to make good on Paris Agreement goals.
Market Moves
NYC Owns $1 Billion Stake in Amazon, Which Just Snubbed the Big Apple
The city’s five pension plans are major stockholders in the company that is escaping from New York.
Newsmakers
New York City Looks at Better Diversity Survey for Outside Money Managers
Pensions seek to standardize information money handlers provide in future memos.
Market Moves
NYC Pensions Seek Divestment Plan Guidance
Pension funds are looking for expert advice on how to extract fossil fuels from portfolios.
Risk
New York City Pension Funds Divest from Private Prisons
Comptroller says alleged abuses and human rights violations made the investment both immoral and risky.