The New York City Pension Funds returned 3.4% gross, and 3.15% net of fees, for fiscal 2015, according to City Comptroller Scott Stringer.
The total fund value of the five pension funds as of that date was $162.9 billion, the highest recorded level at the end of a fiscal year.
“The funds performed well in a difficult investing environment, but we are always focused on investing for the long-term,” Stringer said. “We remain confident that our mix of assets is well-positioned to take advantage of market opportunities in the coming years.”
At Stringer’s direction, beginning this fiscal year, the pension funds will report quarterly and annual returns net of fees across all asset classes.
Stringer has implemented several initiatives to help enhance ethics and accountability at the city’s
More recently, he has hired a chief risk officer, internal auditor and chief compliance officer at the Bureau of Asset Management, which is under his purview.
