New York City Retirement Systems
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New York City comptroller eyes reforms for pension fund management
trueNew York City's pension fund system would ban all placement agents and hire more risk and compliance officers, as well as an internal auditor, as part of new Comptroller Scott Stringer's push to improve management and governance of the city's pension system.
Ominous tales of three cities
trueA farewell speech by Michael Bloomberg in New York, a new report on the future of Los Angeles and concerns expressed by Chicago's mayor all underscore the need to address the looming financial crisis that affects the country's three largest urban centers.
Interim NYC investment chief to stay for another 6 months
trueSeema Hingorani, who has been interim chief investment officer of the New York City Retirement Systems, will stay on the job for another six months.
NYC pension contributions to level off, state report says
trueThe annual increases in New York City's contributions to its public pension funds have begun to slow and are projected to level off during the next several fiscal years, according to a review of city finances by New York state Comptroller Thomas DiNapoli.
Schloss reflects on tenure at NYC pension plans
trueIt's challenging enough for any public pension fund CIO to find alternative investments at the best price from the best manager at the best time. However, the $145 billion New York City Retirement Systems presents multiple extra hurdles, ranging from the system's complex structure to regulatory ...
New York City pension funds' investment fees rise 28%
trueScott Stringer vowed during his successful campaign for New York comptroller to reduce the $370 million in fees the city's five pension funds pay money managers and consultants annually. His job, which starts Jan. 1, just got harder.
Stringer, Burnett compete for NYC comptroller post
trueThe race for New York City comptroller, a job that includes managing the $145 billion New York City Retirement Systems, is a study in contrasts as well as similarities between Republican John Burnett and Democrat Scott Stringer.
Schloss to leave New York City Retirement Systems for Angelo Gordon
trueLawrence Schloss on Wednesday announced his resignation as chief investment officer for the $145 billion New York City Retirement Systems to become president of alternatives manager Angelo, Gordon & Co.
Stringer repels Spitzer's comeback in NYC comptroller race
trueManhattan Borough President Scott Stringer fought off Eliot Spitzer in the Democratic primary for New York City comptroller, halting the former governor's attempted comeback from a prostitution scandal.
NYC funds need to work together, comptroller candidate says
trueThe New York City Retirement Systems and its five pension funds need a combination of cooperation and consolidation to reduce overall fund expenses and streamline decision-making, said Scott Stringer, the Democratic nominee for city comptroller — a job that includes being custodian and ...
New York City seeking actuarial advice
trueNew York City Office of Management and Budget has issued an RFP for an actuary to provide “consultation and advice on issues associated with the maintenance, operation, accounting and funding” of the $137 billion New York City Retirement Systems, according to the RFP.
New York City Retirement Systems' asset allocation
trueLawrence Schloss, chief investment officer overseeing New York City's pension assets, said last week the fund intends to increase its investments in hedge funds by 50% to about $4.5 billion. At the end of April - the latest information available on the comptroller's website - the fund had 11% of ...
New York probing state, city pension funds
trueNew York's top financial regulator said Tuesday he plans to audit the state and city pension funds, with the goal of introducing regulations to increase accountability and transparency of the massive investment holdings.
New York City Retirement Systems picks State Street as master custodian
trueNew York City Retirement Systems has chosen State Street Bank & Trust Co., as its master custodian, confirmed Connor Osetek, a spokesman for City Comptroller John Liu.
New York City Retirement Systems returns 12.3% for fiscal year
trueNew York City Retirement Systems achieved an estimated 12.3% return for the fiscal year ended June 30, according to John Liu, the city comptroller who serves as investment adviser to, custodian, and trustee of the five public pension funds that make up the $137 billion retirement system.