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New York City Pension Wants In On Lawsuit Against Real Estate Firm Accused of Inflating Prices

The New York City retirement system is attempting to join a lawsuit already being brought by two pension funds against a real estate firm that allegedly inflated its performance figures. The two pension funds already heading the case, State Teachers Retirement System of Ohio (STRS) and the Ohio Public Employees Retirement System (OPERS), are claiming ...
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CalSTRS Buys $470 Million New York City Office Building

As part of a joint venture with MHP Real Estate Service, CalSTRS has bought a 1.2 million square foot office property at 180 Maiden Lane in downtown New York City. The building is the former home of Goldman Sachs’ offices. From Investments and Pensions Europe: The US pension fund has invested $260m in the asset – around 55% of the deal – through ...
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New York City Council Weighs Disability Pension Boost For Police

A New York City councilwoman is sponsoring a resolution that would ask the state to increase the disability pensions of certain city police officers. The resolution has the support of two-thirds of the City Council, but doesn’t yet have the support of the mayor’s office or the Council speaker. From Capital New York: Under the current law, uniformed ...
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Ohio Teachers Fund Selling Big Stake in Madison Avenue Skyscraper

The State Teachers Retirement System of Ohio (STRS) is selling a big stake in 590 Madison Avenue, the 1 million square foot New York City skyscraper owned by the pension fund. The fund will sell a 49 percent stake in the property. From The Real Deal: The State Teachers Retirement System of Ohio has put a 49 percent stake in 590 Madison Avenue on the ...
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Value of New York City Funds Reach All-Time High After Big Returns

New York City’s pension funds together returned over 17 percent for fiscal year 2013-14, the City’s strongest return since fiscal year 2010-11. As a result, the value of the City’s pension system has reached an all-time high. From Reuters: New York City’s pension system had a banner fiscal year in 2014, increasing its total value to a record ...
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