New York City Retirement Systems
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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 ...
Managers not diversifying fast enough from 'pale, male and stale' — CalSTRS' Ailman
trueLess than 5% of venture capital general partners are women, a percentage that has lingered over the past 20 years, said Sharon Vosmek, CEO of Astia, who moderated a sparsely attended panel titled “Women: Key Players in High-Growth Investment Strategies” at the Milken Institute Global Conference in ...
New York comptrollers call on SEC to enforce climate change disclosures at companies
trueNew York state Comptroller Thomas DiNapoli and New York City Comptroller Scott Stringer on Friday said the SEC should “consider enforcement and other actions” to make fossil-fuel companies improve disclosure of “material risks” that climate change “poses to their business.”
NYC comptroller calls for overhaul of city pension system
trueNew York City Comptroller Scott M. Stringer said Thursday that a restructuring of the city’s $163.4 billion public pension system is necessary because high fees and disappointing performance have cost the pension system an estimated $2.5 billion in lost value during the 10 years ended Dec. 31, ...
NYC pension fund rejects investment in hedge fund run by charter school backer
trueNew York City's $54 billion pension for civil employees rejected a recommendation by the comptroller's office to invest in a hedge fund run by one of the biggest financial backers of charter schools.
Prudential board adopts proxy access; NYC systems withdraw 2 proposals
truePrudential Financial Inc.‘s board of directors adopted proxy access, enabling shareholders to nominate candidates starting next year.
Pension funds have different reasons for using emerging managers
trueA number of institutional investors say they have emerging manager investment programs — not for social justice purposes, but because it’s a good way to diversify their portfolios.
Emerging managers finding more opportunities coming from institutions
trueInstitutional investors are increasing their interest in emerging money managers as they seek diversity and new talent for their roster.
New York City Retirement Systems adds risk, compliance positions
trueMiles Draycott was named chief risk officer in the Bureau of Asset Management in the office of New York City Comptroller Scott M. Stringer, sole trustee of the $163.4 billion New York City Retirement Systems, said Eric Sumberg, Mr. Stringer's spokesman.
3 NYC pension funds on lookout for consultants; 1 calls for emerging markets monitor
trueNew York City Retirement Systems issued an RFP for general investment consultants for three of the five pension funds within the $163.4 billion retirement system.
NYC Retirement Systems looking for secondary private equity broker-dealer
trueNew York City Retirement Systems is seeking broker-dealers who will help the retirement system sell some of its private equity partnerships.
New York City mayor appoints chief pension adviser for city retirement funds
trueJohn Adler was named chief pension investment adviser and director of the New York City mayor's office of pensions and investments, Mayor Bill de Blasio announced Monday.