Asset Allocation
NYC Pension System to Invest $4B in Affordable Housing
The New York City Housing Investment Initiative, announced by Comptroller Mark Levine, would deploy $1 billion per year over the next four years.
Four New York City pension funds will drop their complaint after AT&T agreed to allow its shareholders to vote on workforce demographic disclosures at its annual meeting.
City Comptroller Brad Lander had proposed the moves, alleging the firms have failed to meet the funds’ net zero plans.
Brad Lander has recommended three of the city’s five pension funds rebid BlackRock’s U.S. public equities index mandates.