Manager Selection
Alex Doñé, Former NYCRS CIO, Joins Platinum Equity as Managing Director
Doñé left NYCRS after two years as their CIO.
Tag: New York City
How Much Private Equity Is Too Much for a Public Pension?
‘The bubble has probably already popped,” warns one academic.
Asset Allocation
NYC Comptroller Changes Tune on Pension Funds’ Alt Holdings
Brad Lander wants the city’s pension funds to be able to invest more in alternative assets. Last year he called some of them ‘risky and speculative.’
Pensions
NYC Comptroller: Police Withdrawal of Pension Group ‘Defies Logic’
Scott Stringer also taps Eneasz Kądziela to oversee city pension funds’ $18 billion private equity portfolio.
Pensions
NYC Council Passes IRA Auto-Enrollment Bills
The legislation would establish a mandatory retirement savings program and a board to oversee it.
Pensions
New York City Mulls Lowering Investment Return Targets to 6.8%
A reduction would help the pension system better match projected investment returns.
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.’