New York City Pension Funds

The city's pensions funds for police officers, fire fighters, teachers, civil employees and school personnel, with a combined $274 billion in assets, returned 10% in the year through June, beating their 7% target, according to a news release Thursday from city Comptroller Brad Lander.

Meanwhile in New York, the state doubles down on climate investments and restricts investments in some big oil and gas companies as the city blasts several big banks as they pull out from the Climate Action 100+ initiative.

"Preserving a livable planet and a thriving economy will require a collective global commitment both to the phase-out of fossil fuels and to massive new investments," said New York Comptroller Brad Lander.

Mayor Eric Adams executive budget "will be released in just 51 days, giving us limited time to marshal the substantial resources we will need to stay balanced in fiscal 2023 and 2024," said OMB Director Jacques Jiha.

The municipal market was a tale of two halves in fiscal 2022, the report says.

In a letter a letter to BlackRock CEO Larry Fink, Brad Lander said he was concerned the firm's actions don't align with its stated climate commitments.

Brad Lander says using municipal bonds could be one way to help move recent immigrants into mainstream society and provide a long-term economic boost to the city.

New York State Comptroller Thomas DiNapoli and city Comptroller Brad Lander lauded the SEC’s proposal, saying environmental transparency is beneficial to the state and city pension plans.

Marjorie Henning was named deputy comptroller for public finance and Michael Haddad is interim chief investment officer and deputy comptroller for asset management.

The change represents a doubling of related investments, Mayor Bill de Blasio and Comptroller Scott Stringer announced.

Dovetailing on President Biden's clean-energy initiatives, the Employees’ Retirement System and Teachers’ Retirement System voted for the divestments.

Thirty-four more S&P 100 companies will publicly disclose the composition of their workforce by race, ethnicity and gender, NYC Comptroller Scott Stringer said Monday.

The plunge of the financial markets amid COVID-19 stands to push up pension costs — and budget strain — for the city.

Looming state budget cuts combined with the COVID-19 threat could have a negative impact on NYC's economy.

An industry fall coincides with a rise in sustainable investing around the world and divestment from fossil fuels.

Expanding housing affordability, helping small businesses, fighting climate change and improving education topped the list of new initiatives.

Three of the biggest New York City pension funds have selected advisors to help divest from fossil fuels.

Wall Street had its most profitable first half in a decade; the second half remains uncertain.

The policy would require firms to consider women and people of color for every open board seat and for CEO appointments.

More than 600 firms have adopted proxy access, a program launched under the comptroller’s Boardroom Accountability Project.