The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.
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.’
Scott Stringer also taps Eneasz Kądziela to oversee city pension funds’ $18 billion private equity portfolio.
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.
The city’s five public pension funds have a property portfolio worth $18 billion.