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.
Tag: Thomas DiNapoli
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.
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.
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.
Asset Management Culture
NY State Pension Fund Strikes Climate Deals with Five Companies
Comptroller DiNapoli drops shareholder resolutions in exchange for commitments to greenhouse gas reductions.
Pensions
NYC Pension Funds Rebound After Missing Fiscal 2020 Target
The city’s five pension systems have returned an estimated 18% in the first seven months of fiscal 2021.
Asset Allocation
NYS Pension Fund Calls for Civil Rights Audit on Amazon
State comptroller calls for third-party audit to asses how retail giant’s policies affect equity, diversity, and inclusion.
Asset Management Culture
New York State Pension Fund Aims to Be Carbon Net Zero by 2040
The $226 billion Common Retirement Fund joins other institutional investors in following the Paris Agreement’s targets.
Asset Management Culture
New York State Pension Increases Employer Contribution Rates
Actuary recommended changes because of increasing life spans and lower-than-expected returns.
Pensions
NY State Pension, Coca-Cola Reach Executive Pay Deal
Beverage giant promises to bring CEO, employee compensation more in alignment.
Newsmakers
New York Comptroller Aims to Double Pension Plan’s ESG Funding
DiNapoli seeks to increase the state Common Retirement Fund’s sustainable investments to $20 billion.
Regulation
Institutional Investors Call for Workplace Disability Inclusion
Only 29% of working age Americans with disabilities are employed.
Poultry Pain: NY Comptroller DiNapoli Warns McDonald’s Over Chicken Care
The fast food giant must improve its treatment of chickens, or the state pension fund will sell its $300 million in Golden Arches shares.