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New York City Pensions Pulled $4.9 Billion From Pimco in 2014

New York City’s pension funds have pulled $4.9 billion from Pimco since Bill Gross left the firm in September. A City spokesman confirmed that the pullout was due to “organizational change” within the firm. From Reuters: “The New York City Pension Funds recently transitioned out of $4.9 billion in Pimco accounts due to concerns over recent ...
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Video: New York City Comptroller Talks About Push By Pension Funds For More Control of Corporate Boardrooms and City’s Hedge Fund Allocation

Here’s an interview with New York City Comptroller Scott Stringer. Stringer is trustee of the City’s five pension funds. During the course of the interview, Stringer talks about his push for pension funds to have more control over corporate boardrooms. He also defends the city pension system’s hedge fund allocations.
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Pension Funds Push Back Against Bank of America Governance Changes

Three of the country’s largest public pension funds are pushing back against Bank of America’s recent decision to appoint Brian Moynihan as CEO and chairman. A shareholder resolution had previously mandated that the positions be separate. Now, pension funds are telling Bank of America it has poked its “finger in the eye of investors.” From ...
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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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New York City Funds Lag Behind on Private Equity Performance

The private equity analytics firm Bison just came out with a list ranking the private equity performance of 50 public pension funds. New York City’s pension funds have been particularly active in PE funds, and are looking to invest even more in the area in coming years. So, how did the city fare? You have to pay to see the full rankings, but the ...
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