New York City Retirement Systems
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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.
NYC Retirement Systems, TIAA-CREF join in lawsuits against American Realty
trueNew York City Retirement Systems and TIAA-CREF have joined a group of investors that allege American Realty Capital Properties, a real estate investment trust, and others violated federal securities laws.
NYC Teachers chooses director of investment administration
trueSusan Stang was promoted to director of investment administration for the New York City Teachers' Retirement System.
New York City Retirement Systems terminate $4.9 billion of PIMCO assets
trueNew York City Retirement Systems terminated two PIMCO bond strategies totaling $4.9 billion due to “concerns over recent organizational changes,” said Eric Sumberg, a spokesman for New York City Comptroller Scott Stringer, fiduciary for the five public pension funds that make up the $158.7 billion ...
N.Y. governor vetoes bill increasing pension funds' maximum alternatives allocation
trueNew York Gov. Andrew Cuomo on Thursday vetoed a bill that would have allowed the largest public pension funds in the state to increase their allocations to alternative investments to 30% from 25%.
NYC comptroller seeks review of asset management office, preps consultant search
trueNew York City comptroller's office is searching for a firm to conduct a management and operation review of the Bureau of Asset Management, the unit responsible for assisting the boards of the five pension funds that make up the New York City Retirement Systems.
New York City promotes 2 to head of private equity, hedge funds
trueAlex Done and Neil Messing were named head of private equity and head of hedge funds, respectively, at the bureau of asset management in the office of New York City Comptroller Scott Stringer, said Eric Sumberg, Mr. Stringer's spokesman.
NYC comptroller targets 75 companies in groundbreaking proxy access initiative
trueNew York City Retirement Systems filed proxy access proposals with 75 companies, the largest such initiative to give shareholders a greater voice in nominating members of corporate boards of directors, said a news release Thursday from Scott M. Stringer, New York City comptroller, who oversees the ...