Newsmakers
New York Common Calls on Tesla to Disclose Spending on Discrimination Complaints
The pension made the move after a racial discrimination lawsuit led to a $130 million verdict in punitive damages.
Tag: New York State Common Retirement Fund (NYCRF)
News
Private Credit: Too Risky? Not for Asset Allocators
Moody’s takes a dim view of direct lending, but the asset’s safety record is pretty good.
Regulation
New York Demands Political Disclosure From Twitter, Six Other Companies
Comptroller Thomas DiNapoli has filed seven shareholder proposals to force firms to reveal political spending.
Asset Allocation
NY Pension Shifts Global Equity Assets to Alts
The New York State Common Retirement Fund has also committed $2 billion to a climate transition index.
Asset Allocation
New York State Common Retirement Still Holds Boeing Stock, Despite Lawsuit
The fund, which just received a settlement as a result of the litigation, currently has $216 million invested in the aerospace company.
Newsmakers
Larry Fink Says We Need to Work With, Not Against Hydrocarbon Companies. But Can We Trust Them Given Their History?
The CEO of BlackRock, the largest money management firm in the world, argued for moving to a more decarbonized business model worldwide.
NY Comptroller Urges $15 Minimum Wage for Restaurant Workers
Many tipped employees are suffering financially, Tom DiNapoli says, and need better pay.
Asset Allocation
Record Returns Spur NY to Cut Assumed Return Rate to Below 6%
Employer contributions are also being reduced, while COLAs will be increased.
Asset Allocation
NY State Pension Fund Scrutinizes Shale Oil, Gas Companies
The fund will evaluate 42 firms that it says are ill prepared for a transition to a low-carbon environment, including ConocoPhillips, Hess, and Marathon Oil.
Asset Allocation
NY Pension Giant Earmarks $3 Billion for Multi-Asset Strategic Deals
The New York State Common Retirement Fund allocated a total of $4 billion during April alone.
The Exxon Vote: Pension Supporters Stay Onboard to Advance Change
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
Pensions
Market Rebound Spurs Record 33.55% Return for NY State Pension Fund
Equities helped boost the investment portfolio’s asset value by more than $60 billion to $254.8 billion.
Alternatives
NY State Pension Fund Commits Over $1.3 Billion in Investments in March
Nearly half, or $650 million of its monthly allocation, went toward real estate funds.
Pensions
NY State Pension Commits to $400 Million in Sustainable Investments
The majority of commitments were for the world’s largest dedicated greenfield renewable energy fund.
Pensions
NY State Pension Restricts Oil Sands Investments
The $247.7 billion fund has its sights set on shale oil and gas companies next.