
Pensions
New York Common Retirement Fund Cuts Public Equities in Favor of Alts
The $242 billion pension giant reported a robust 4.51% investment return in Q3 of its fiscal year.
Common Retirement Fund reports 8.24% loss amid volatile markets, rising inflation and war.
Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.
New York State Common Retirement Fund benefits from having a fiscal year that ended before the second-quarter market slump.
Protesting working conditions at the e-commerce giant’s warehouses, the city and state funds urge no votes on reelecting board members.
The public pension funds join a growing number of institutional investors pulling their money out of Russia.
Many tipped employees are suffering financially, Tom DiNapoli says, and need better pay.