NYC Pension Systems Name Valerie Red-Horse Mohl as Deputy CIO

In charge of responsible investing at the $279 billion systems, Red-Horse Mohl will oversee diverse and emerging manager programs; ESG investing; and targeted investment programs.

Valerie Red-Horse Mohl

The Office of the New York City Comptroller announced the appointment of Valerie Red-Horse Mohl as deputy CIO for responsible investing at the Comptroller’s Bureau of Asset Management, which oversees the five city pension systems’ investment portfolios.

Red-Horse Mohl will report to CIO Steven Meier and, as deputy CIO, will oversee the bureau’s economically targeted investment program, which invests in: underserved communities; the diverse and emerging manager program; and broader environmental, social and governance programs.

The five pension systems are: the Teachers’ Retirement System of the City of New York, the New York City Employees’ Retirement System, the New York City Police Pension Fund, the New York City Fire Pension Fund and the New York City Board of Education Retirement System. As of December 2024, the plans collectively manage $279.67 billion.

“Bringing investment capital directly to under-resourced communities to create lasting change has long been a passion of mine and I am excited to spearhead these efforts on behalf of nearly 800,000 pension plan members and beneficiaries,” Red-Horse Mohl said in a statement.

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Red-Horse Mohl is the founder of Red-Horse Securities, an investment bank and asset management firm that specialized in tribal clients. She began her career at Drexel Burnham Lambert. In 2022, Red-Horse Mohl was named an inaugural member of the U.S. Treasury Advisory Committee on Racial Equity.

Red-Horse Mohl earned a bachelor’s degree in theater, film and television from the University of California, Los Angeles.

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SEC Announces Unit to Protect Investors From Crypto, AI Scams

The Cyber and Emerging Technologies Unit will be led by Laura D’Allaird, who was co-chief of the predecessor Crypto Assets and Cyber Unit.



The Securities and Exchange Commission
announced Thursday the establishment of the Cyber and Emerging Technologies Unit, which will seek “to protect retail investors from cryptocurrency scams and other bad actors in the emerging technologies space.”  

The unit will be led by Laura D’Allaird, who was co-chief of the Crypto Assets and Cyber Unit, which is being replaced by the CETU, comprised of 30 fraud specialists and attorneys across multiple SEC offices. 

“The unit will not only protect investors but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow. It will root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies,” said Commissioner Mark Uyeda, acting chairman of the SEC, in a statement.  

According to the SEC, the CETU will investigate fraud using emerging technologies such as artificial intelligence and machine learning. Its focus areas include fraud involving blockchain technology and cryptocurrency assets; the use of social media and false website to perpetrate fraud; hacking to obtain material nonpublic information; and public issuer fraudulent disclosure related to cybersecurity. 

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According to Chainalysis, a cryptocurrency research firm, in 2024, an estimated $40.9 billion in crypto assets were received by illicit addresses or crypto accounts tied to scammers, illicit actors and other entities. This figure was $11 billion in 2020 and reached a high of $54.3 billion in 2022.  

Technology services firm ACA Global earlier this month warned in a report that hackers are increasingly using artificial intelligence to impersonate executives and other employees at financial services firms in order to get sensitive company information, payments and banking information from clients. 

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