New York City Retirement Systems
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New York City Employees pension fund divests from gun manufacturers
New York City Employees' Retirement System has divested all of its $16.2 million in equity shares of publicly traded gun and ammunition manufacturers.
New York City pension plans sue BP over Deepwater Horizon losses
The five New York City pension plans have sued BP PLC trying to recover investment losses for what they allege were “misleading statements” by the oil company before and after the explosion and oil leak at a BP offshore oil drilling platform in the Gulf of Mexico.
AIG, others meet New York City pension funds' calls on employee diversity
The five New York City pension funds withdrew proposals filed jointly at American International Group Inc., Bank of New York Mellon Corp. and U.S. Bancorp after the companies agreed to provide annual disclosure on the composition of their U.S.-based workforces by race and gender.
NYC Board of Education stays with Buck
New York City Board of Education Retirement System rehired Buck Consultants as investment consultant, confirmed Alexander Kazazis, paralegal for the $3.3 billion pension fund.
Florida board, AFSCME pension plan reveal Hewlett-Packard votes
Florida State Board of Administration and the American Federation of State, County and Municipal Employees Pension Plan are seeking changes in Hewlett-Packard Co.'s board and will vote their shares against the election of five directors, adding to pressure from other pension funds.
New York City Police Pension Fund to keep gun and ammo stocks
New York City Police Pension Fund will retain its $9.97 million investment in five gun and ammunition companies, according to Patrick Lynch, president of the New York City Patrolmen's Benefit Association and a member of the police pension fund board.
NYC puts $21 million into ACON fund
New York City Retirement Systems invested $21 million in ACON Equity Partners III as part of its private equity emerging managers program.
NYC pension funds near goal of $3.5 billion in hedge fund investments
The New York City Retirement Systems is two-thirds of the way toward completing investment of a $3.5 billion hedge fund portfolio on behalf of three of the city's five pension plans.
N.Y. City Teachers pension fund dumps gun-makers' stocks
New York City Teachers' Retirement System, one of five pension funds in the New York City Retirement Systems, has divested all of its holdings in publicly traded gun and ammunition manufacturers, confirmed Connor Osetek, a spokesman for New York City Comptroller John Liu.
NYCERS considering comprehensive divestment policy
New York City Employees' Retirement System is considering developing a comprehensive policy on divestment for its $42 billion pension fund, according to Scott M. Stringer, president of the Borough of Manhattan and a trustee of NYCERS.
New York City selects two hedge funds to run $450 million total
New York City Retirement Systems hired two hedge fund firms to run a total of $450 million.
New York City pension funds seek fracking data from Exxon Mobil
The five New York City pension funds co-filed a shareholder proposal at Exxon Mobil Corp., calling for the company to disclose quantitative data on how it is managing the risks to the public and environment from its hydraulic fracturing, or fracking, operations.
New York City expects to contribute $8.1 billion to pension funds
New York City's contribution to city pension funds is expected to reach $8.06 billion for the fiscal year starting July 1, up 1.9% from the fiscal year ending June 30, 2013, according to a preliminary budget issued by Mayor Michael Bloomberg.
New York City Retirement Systems a victor in proxy-access fight at Chesapeake Energy
New York City Comptroller John Liu announced Tuesday that Chesapeake Energy Corp. adopted a proxy-access proposal submitted by the $127.8 billion New York City Retirement Systems and approved by 62.5% of shareholders.
NYC Retirement Systems makes 1st private equity emerging manager investment
New York City Retirement Systems invested $20 million in ICV Partners III, the first direct investment under its new private equity emerging manager program.