Three of the city’s pension funds filed shareholder proposals seeking greater fossil-fuel transparency at six of the largest banks in North America.
Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.
The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.
The two new leaders will develop the fund’s emerging manager programs and administrational functions.
Pension plan’s chief says the $51.7 billion retirement system’s good investment returns aren’t enough to overcome unfunded liabilities.
Malloy says state can’t afford annual payments into teachers’ retirement system.