Tag: New York City Retirement Systems

Only 21% of proposals that went to a vote were supported by shareholders, down from 35% in 2022.

According to New York City Comptroller Brad Lander, a lack of worker input was among four main concerns with the evaluation.

Climate-related initiatives struggled due to a ‘well-funded backlash’ from conservative interest groups.

Minority- and women-owned managers have beaten the city’s pension funds’ benchmarks in all asset classes since 2015.

The returns are expected to reduce the city’s required contributions to the pension systems by approximately $550 million over the next five years.

Group assembled by Nobel winner Stiglitz chides governments for ignoring pledge they signed to fight global poverty.

Haddad was previously interim CIO overseeing the New York City Retirement Systems’ $248 billion portfolio.

The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’

The city’s comptroller calls for disclosure of board members’ race and gender at Capital One, Las Vegas Sands, NextEra Energy and Caesars.

Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.

A reduction would help the pension system better match projected investment returns. 

The Empire State’s pension system is mounting investor pressure against the poultry giant, which has been criticized for its pandemic safety practices in its plants.