Tag: New York

Asset Management Culture February 26, 2021

New York City Comptroller: Ax Rule Forcing Private Equity to Pay Legal Bills

Mandate now forces PE operators to cover their own litigation tabs in disputes, instead of passing along the costs to NYC pension fund investors.

Asset Allocation November 11, 2020

New York State Pension Fund Returns 6.2%

The state retirement system broadly outperformed US pension funds in the third quarter.

Alternatives November 4, 2020

New York State Pension Doubles Down on Alternatives

C-band spectrum, collateralized loan obligations, and solar and wind power are among the largest allocations the fund made in September.

Pensions October 22, 2020

Conservative Think Tank Calls for NYC Pension Reform

Manhattan Institute recommends moving to defined contribution plans and consolidating funds.

Corporate Moves October 15, 2020

New York Times Makes $235 Million Pension Risk Transfer to MassMutual

About 1,850 affected retirees will continue to receive payments from the life insurer.

Alternatives October 9, 2020

New York State Pension Expands into Real Estate, Absolute Return

Commercial real estate in the Nordic region, suburban garden style apartments in the US are among the $565 million in bets the pension fund placed in August. 

Newsmakers August 20, 2020

New York Pension Plan Names Navyug Patel Deputy Investment Chief

He is taking the spot vacated by Anastasia Titarchuk, who now is the program’s CIO.

Pensions August 12, 2020

New York Common Fund Returns 10% in First Quarter

After maintaining a conservative allocation strategy, the pension fund took the three months ending in June to snatch up some equities.

Coronavirus - COVID-19 August 3, 2020

New York Common Fund Loses 2.7% in Fiscal Year

The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets. 

June 16, 2020

Why Offices, Abandoned as a Virus Risk, Will Be Back

If the health hazards are resolved, look for a reverse exodus. That’ll benefit battered office REITs.

Regulation May 12, 2020

New York AG Investigates St. Clare’s Pension Fund Fiasco 

Nearly 1,100 retirees lost their pensions or had them reduced last year. 

Asset Allocation April 28, 2020

New York Pension Fund to Supplement Federal Small Business Loans

The state hardest hit by the coronavirus is bolstering relief efforts.

Coronavirus - COVID-19 April 20, 2020

New York Burns Through Cash, But Pension Funds Not Impacted

State retirement systems, in solid shape, don’t require subsidies from the tax coffers.

Asset Allocation April 15, 2020

Athene Fined $45 Million for Unlicensed Pension Risk Transfers

New York regulator said the firm illegally entered into 14 risk transfer deals.

March 26, 2020

Anastasia Titarchuk: One Step Ahead

The CIO is in her first year on the job and was on track to meet her target. Then the coronavirus crashed markets.