Newsmakers
New York State Comptroller Calls for Political Spending Disclosures
Thomas DiNapoli files shareholder proposals with nine companies held in the state pension fund’s $233.2 billion portfolio.
Tag: New York State Common Retirement Fund
Asset Allocation
New York State Pension Loses $26 Billion in Asset Value in Q1
Common Retirement Fund reports 8.24% loss amid volatile markets, rising inflation and war.
News
NY Common to Review Net-Zero Readiness of Oil and Gas Firms
Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.
Asset Allocation
NY State Pension Returns 9.5% in FY 2022, While NYC Pensions Lose 8.65%
New York State Common Retirement Fund benefits from having a fiscal year that ended before the second-quarter market slump.
Newsmakers
De Blasio Calls on NY Pension Funds to Divest Guns and Ammo Investments
Former NYC mayor cites gunmaker investments held by the state’s two largest pension funds.
New York Pension Plans Launch Fight to Dislodge 2 Amazon Directors
Protesting working conditions at the e-commerce giant’s warehouses, the city and state funds urge no votes on reelecting board members.
Risk
New York Common, NYCERS, and Penn SERS to Divest Russian Investments
The public pension funds join a growing number of institutional investors pulling their money out of Russia.
Newsmakers
NY Pension Calls on Firms to Report Abuse, Harassment, Discrimination
Tesla, Starbucks, and Activision Blizzard have been targeted by the $279.7 billion New York State Common Retirement Fund.
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.
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.
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.