Asset Allocation
New York State Pension Returns 6.1% in Q1; Cuts Tech Stocks Ahead of Slump
The $310 billion pension giant sharply reduced its holdings in major tech stocks before the market soured on them.
Tag: Thomas P. DiNapoli
Manager Selection
Inaugural Emerging Managers Week to Kick Off in February
The week of conferences is intended to provide a platform and networking opportunities for diverse-owned and emerging management firms.
Pensions
Seesaw Markets Force NYSLRS to Raise Employer Contribution Rates
‘Volatility in investment income translates into volatility in employer contributions,’ according to the chief actuary at the New York State and Local Retirement System.
Pensions
New York State Common Makes Climate Deals With 5 Portfolio Companies
The agreements with five portfolio companies include energy transition reporting disclosures.
Pensions
New York State Pension Earns 1.4% in Q1 of Fiscal 2024
The New York State Common Retirement Fund’s asset value remained unchanged at $267.7 billion due to $4.2 billion in payouts.
Pensions
NY State Pension Returns 11.55% in Fiscal 2024, Dumps Another Stock Fund
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
Newsmakers
New York State Comptroller Seeks LGBTQ+ Information From 17 Firms
Cites U.S. Chamber of Commerce report finding that firms with inclusive policies financially outperform their sector peers.
Asset Allocation
NY State Pension Returns 6.2% in Fiscal Q3, Cashes Out Another Public Equity Fund
The $260 billion pension giant also said it will divest and restrict investments in Exxon Mobil and seven other oil-and-gas companies
Manager Selection
The New York State Common Retirement Fund To Host Emerging Manager Conference
The 17th Annual Emerging Manager & MWBE Conference to be held in Albany.
Newsmakers
New York Comptrollers Call Out eBay for Removing Unionization Language
The company removed from its human rights policy statement a passage pledging to respect workers’ rights to unionize after workers at a subsidiary voted to form a union.
Asset Allocation
At Least 8 States Buy Israeli Bonds Totaling More Than $100M to Support War Against Hamas
Moody’s warns that a prolonged conflict could hurt the country’s credit rating.
Pensions
In Turnaround, New York State Pension Plan Returns 3.08% in Fiscal Q1
The fund’s asset value rose to $254.1 billion, a big improvement from the prior-year period.
Newsmakers
New York Common Signs Political Disclosure Agreements With 7 Firms
State Comptroller Thomas DiNapoli warns that firms ‘that engage in political spending risk damaging their reputations.’
Asset Allocation
New York Common Commits More Than $600 Million in March Investments
The pension giant also signed deals with four firms to reduce greenhouse gas emissions.
Regulation
New York Common Commits $1.3B to Sustainable Program
The $242.3 billion state pension fund also committed more than $600 million to alts in February.