New York City Retirement Systems
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The Gross effect
trueMany asset owner clients of Pacific Investment Management Co. cited their long-term relationship with the firm — ties that go beyond co-founder and Chief Investment Officer William H. Gross — as a reason for not terminating the firm after Mr. Gross' unexpected move last month to Janus Capital ...
Investors seek political contribution disclosure, end to exec tax payment at FedEx
trueFedEx Corp. shareholders face separate proxy proposals from the New York City Retirement Systems and the International Brotherhood of Teamsters General Fund, calling for, respectively, disclosure of the company's political contributions and an end to paying personal taxes executives own on the ...
NYC Retirement Systems wants developing core-plus bond managers
trueThe New York City comptroller’s office is searching for developing managers to run core-plus fixed-income portfolios for one or more of the five pension funds that make up the New York City Retirement Systems.
NYC Retirement Systems post 17.4% fiscal year return
trueNew York City Retirement Systems achieved an estimated return on investments of 17.4% for the fiscal year ended June 30, said a news release issued Monday by Comptroller Scott Stringer, adviser and custodian for the five pension funds that make up the retirement system.
New CIO chosen for American University in Cairo endowment
trueJanice Emery was named chief investment officer of the American University in Cairo, Egypt, said Brian MacDougall, executive vice president for administration and finance, in an e-mail.
New York City comptroller seeks financial management director for retirement systems
trueThe New York City comptroller's office is seeking a senior director for financial management for the $150 billion New York City Retirement Systems, a notice posted on the comptroller's website says.
New York City pension funds ban placement agents for all investments
trueThe five pension funds of the New York City Retirement Systems have passed resolutions banning placement agents for all investment classes.
Bills proposed to permit higher alts allocations at New York pension funds
trueNew York state legislators have introduced bills that would allow large public pension funds to increase allocations to alternative investments such as private equity and hedge funds to 35% from 25%.
New York City Retirement Systems names new CIO
trueFormer president of TIAA-CREF Asset Management Scott Evans was named chief investment officer of the $150 billion New York City Retirement Systems.
NYC Retirement Systems reaches disclosure agreement with IBM, 4 other companies
trueNew York City Retirement Systems withdrew proxy proposals at International Business Machines Corp. and four other companies after reaching agreements on supply chain sustainability disclosures.
NYC Retirement Systems looking for infrastructure consultant
trueNew York City Retirement Systems is searching for an infrastructure investment consultant, according to an RFP issued by the city comptroller’s office.
New York City pension funds target $1 billion in new emerging manager commitments
trueThe five pension funds in the $150 billion New York City Retirement Systems plan to make an aggregate commitment of $1 billion to emerging managers, Scott Stringer, the city comptroller said Friday.
Investors withdraw proposal after Exxon Mobil agrees on fracking disclosure
trueThe New York City pension funds and other filers agreed to withdraw a shareholder proposal at Exxon Mobil Corp. after the company consented to increase disclosure about public and environmental risks associated with its hydraulic fracturing for shale gas.
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.