Asset Allocation
Major Institutional Investors Say Zuckerberg’s ‘Totalitarian Grip’ on Facebook Must End
Group calls for Facebook to divulge the concentrated power that chairman and CEO holds.
Tag: New York
Retirement Funds Are in the Crosshairs of US-China Conflict
Across-the-board portfolio limits on investing in Chinese firms will harm the US, say critics.
Meridian Capital Founder Pleads Guilty to Conspiring to Commit Fraud
John Geraci admitted to misappropriating clients’ investments.
Risk
New York Cuts Investment Return Assumptions to 6.8%
DiNapoli says a ‘more conservative approach’ needed for lower return environment.
Regulation
US to Return $196 Million Stolen from Malaysian State Fund
Recovery just a small portion of the $4.5 billion siphoned from 1MDB investment fund.
Newsmakers
NY Comptroller Optimistic on Amazon HQ2 Deal
But Scott Stringer says arrangement must also benefit New Yorkers.
Newsmakers
New York Sues Exxon Mobil over Alleged Climate Change Disinformation
State AG accuses oil giant of ‘fraudulent scheme’ to deceive investors.
NYS Common Cracks Down on Corporate Board Diversity
Diversity agreements made with four Fortune 500 companies.
Research
NYS Common Retirement Fund Cracks $200 Billion
Strong equities helped drive fund in fiscal Q3.
Newsmakers
World’s Asset Owners Discuss ESG Investment Plans at United Nations (Part 1)
Hiro Mizuno of GPIF is calling for RFPs to create a new global environmental index.
Newsmakers
NYC Pension Funds, RBC GAM Access Capital Team up for $450 Million Affordable Housing Plan
Investment includes first-of-its-kind program to support veterans.