New York City Retirement Systems
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NYC Retirement Systems returns 3.15%
trueThe New York City Retirement Systems posted a net 3.15% return for the fiscal year ended June 30.
NYC Retirement Systems on lookout for private equity, fixed-income investment officers
trueThe New York City Retirement Systems is seeking a senior investment officer for private equity, said a job notice posted on the website of New York City Comptroller Scott Stringer, the fiduciary for the $163.4 billion retirement system.
New York City mayor calls for pension funds to divest coal holdings
trueNew York City Mayor Bill de Blasio announced Tuesday he will ask the New York City Retirement Systems to divest coal investments to help the city address climate change as part of his plan to reduce greenhouse gas emissions by 80% by 2050.
New York City Retirement looking for infrastructure, real estate investment officers
trueNew York City comptroller’s office is seeking three investment professionals for its bureau of asset management, the unit that assists the five city pension funds in selecting investment managers and consultants and analyzing performance.
NYC Retirement Systems gives significant pay raises to leaders
trueNew York City Retirement Systems raised the pay of Chief Investment Officer Scott Evans 56% to $350,000 as part of an effort to increase salaries of top executives in the $163.4 billion pension system.
New York City targets another $500 million for emerging private equity
trueNew York City Retirement Systems boosted by $500 million the assets available for its private equity emerging managers’ program.
Public pension plans make strides in staff pay
trueTwo large public pension plans recently adopted new compensation plans executives hope will enable them to recruit and retain key investment professionals.
New York City issues call for passive domestic and emerging markets bond managers
trueNew York City Retirement Systems is searching for passive domestic fixed-income managers and passive emerging markets debt managers, said an RFP posted on the website of city Comptroller Scott Stringer, fiduciary for the five pension funds in the $163.4 billion system.
New York City hires Greenhill Cogent for private equity secondary market transactions
trueThe New York City Comptroller's Office hired Greenhill Cogent as a private equity adviser for the New York City Retirement Systems and the comptroller's bureau of asset management.
BlackRock, Ceres create ESG governance guide for institutional investors
trueBlackRock teamed up with Ceres to create a guide for U.S. institutional investors on engaging with companies and policymakers on sustainability issues, the two institutions announced Thursday.
Chevron shareholders support proxy-access proposal; near majority at Exxon Mobil
trueChevron Corp. shareholders voted 55% in support of a proxy-access proposal, while Exxon Mobil Corp. shareholders voted 49.4% in favor of a similar access proposal, according to preliminary voting results of the companies' annual meetings Wednesday.
Proxy-access proposal at Chevron gaining pension fund support
truePension funds have lined up in support of a proxy-access proposal filed by the New York City Retirement Systems at Chevron Corp., according to their proxy-voting disclosures.
Large pension fund fiduciaries fire back at share-buyback policies
trueThe chief financial officers of two large states and two large cities on Wednesday issued an open letter in their role as pension fiduciaries criticizing the practice of share-buybacks by corporations and questioning whether companies “are adequately reinvesting for sustainable returns over the ...
Chipotle shareholders reject proxy access proposals, ratify executive pay
trueChipotle Mexican Grill Inc. shareholders at the company’s annual meeting Wednesday rejected two proxy access proposals, including one co-filed by the $163.4 billion New York City Retirement Systems, $56 billion UAW Retiree Medical Benefits Trust, Ann Arbor, Mich., and $5 billion Philadelphia Public ...
NYC comptroller rolls out diversity initiative for evaluating managers
trueNew York City Comptroller Scott Stringer, fiduciary for the five public pension funds that make up the $163.4 billion New York City Retirement Systems, announced Friday that the pension funds are planning to introduce diversity as a formal criterion for evaluating and selecting external money ...