Sentences with phrase «city pension investment»
«Scott was among the first to call for a ban on private placement agents for City pension investment and also worked to advance shareholder initiatives to align corporate executive pay with long - term performance, promote workplace diversity, increase transparency and sustainability, and disclose corporate political spending.»
http://www.nystateofpolitics.com/ Not exact matches
The Comptroller serves as investment advisor, custodian and a trustee to the New York City Pension Funds, which have more than $ 160 billion in assets and a long history of active ownership on issues of corporate governance and sustainability.
The New York City Employees» Retirement System; the New York City Fire Department Pension Fund; the New York City Teachers» Retirement System; the New York City Police Pension Fund; and the New York Board of Education Retirement System, as joint filers (NYC Retirement System), c / o The City of New York, Officer of the Comptroller, 633 Third Avenue, 31st Floor, New York, New York 10017, which in the aggregate held 12,707,578 shares of common stock on November 15, 2011, the New York State Common Retirement Fund, whose address is the same as that of the NYC Retirement System, which held 19,560,008 shares of common stock on November 22, 2011, and the Illinois State Board of Investment on behalf of the State Employees» Retirement System of Illinois, c / o 180 N. LaSalle Street, Suite 2015, Chicago, Illinois 60601, which in the aggregate held 928,927 shares of common stock on November 18, 2011, the Judges» Retirement System of Illinois and the General Assembly Retirement System of Illinois, as co-filers, intend to submit a resolution to stockholders for approval at the annual meeting.
Canada Pension Plan Investment Board recently committed to a $ 234 - million joint venture to build a residential, office, retail and hotel space in the city of Suzhou, China, for example.
Ivanhoé, the real estate investment arm of pension plan manager Caisse de dépôt et placement du Québec, has been most successful in buying properties in New York, and now has more than 5.5 million - square - feet of the city's real estate in its portfolio, says Adam Adamakakis, executive vice president of US Investments at Ivanhoé.
John Adler was named chief pension investment adviser and director of the New York City mayor's office of pensions and investments.
«As a fiduciary of the New York City Employee Retirement System for the last 8 years, Scott has worked with his fellow trustees to grow the City's pension funds through prudent investments, improving diversification and ensuring more rigorous assessment of risks to investments such as corporate accountability and violations of environmental regulations.»
New York City announced it filed a multibillion dollar lawsuit against five top oil companies, citing their «contributions to global warming,» as it said it would divest fossil fuel investments from its $ 189 billion public pension funds over the next five years.
New York City sued five major oil companies, claiming they have contributed to global warming, and also announced it will sell off billions in fossil fuel investments from the city's pension fuCity sued five major oil companies, claiming they have contributed to global warming, and also announced it will sell off billions in fossil fuel investments from the city's pension fucity's pension funds.
But disability pensions must be contained or the city will not be able to make other important investments, including funds for law enforcement.
Industry sources blame the city's byzantine system under former New York City Comptroller Bill Thompson, who oversaw many of the pensions» private equity investments from 2002 to 2city's byzantine system under former New York City Comptroller Bill Thompson, who oversaw many of the pensions» private equity investments from 2002 to 2City Comptroller Bill Thompson, who oversaw many of the pensions» private equity investments from 2002 to 2009.
And we can count on him to make smart investments with our pension dollars that catalyze job growth right here in the city of New York.»
In exchange, the city was allowed to adopt a more aggressive pension investment strategy to reduce its annual direct contribution to the pension funds.
Liu touts a combined 12.1 percent return on investments in fiscal year 2013, when the city's five pension funds grew from $ 111.3 billion to $ 124.8 billion.
Moreover, as recently as January, the New York City teacher pension fund divested holdings in five publicly traded firearms manufacturers, for investments valued at $ 13.5 million.
City Comptroller John Liu's costly pension - investment strategy resulted in nearly $ 2 billion in lost earnings last fiscal year, a former pension chief claims.
His main power derives from investing the city's pension funds, but the office also affords Stringer a bully pulpit for critiquing city contracts as well as other investments, including those related to real estate.
«Ganim also received kickbacks from stockbrokers, who in exchange invested the city's police pension fund in high - risk investments that ultimately failed,» the campaign said.
Following these developments, FCMB Group Plc's operating companies are now divided along three business groups — Commercial and Retail Banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited); Investment Banking (FCMB Capital Markets Limited and CSL Stockbrokers Limited); and Asset & Wealth Management (Legacy Pension Managers Limited, First City Asset Management Limited and CSL Trustees Limited).
John Adler was named chief pension investment adviser and director of the New York City mayor's office of pensions and investments, Mayor Bill de Blasio announced Monday.
New York City's biggest public employee pension fund is poised to vote today to begin pulling its investments from hedge funds, the latest move by a large pension plan to scrap an investment path that once promised big returns.
The state comptroller, Thomas DiNapoli, and the New York City comptroller, William Thompson Jr., have proposed banning pension fund investments that involve placement agents.
A property investor who began his City career at Warburg before a spell running the pension fund at Courtaulds, Oakeshott runs his own business OLIM Property managing commercial property portfolios for pension funds, investment trusts and charities.
«Net investment losses» by the five city pension funds get the blame for $ 15.2 billion in added costs, or about 48 percent of the total increase over the 10 - year period.
Recently, after over five years of community campaigning for New York to divest from fossil fuels, City Comptroller Scott Stringer and Governor Andrew Cuomo each released separate proposals to freeze all current fossil fuel investments, divest New York's public pension -LSB-...]
Also at 9 a.m., the executive committee of the board of trustees of the NYC Board of Education Retirement System participates in a common investment meeting of the New York City pension systems, 1 Centre St., Manhattan.
Comptroller Scott Stringer said Thursday that New York City's pension funds had divested its investments in private prison companies, calling it the first such move by a major U.S. cCity's pension funds had divested its investments in private prison companies, calling it the first such move by a major U.S. citycity.
As CBS2 Political Reporter Marcia Kramer reported, sources said it all started with an investigation of Norman Seabrook, the head of the city's Corrections Union, and an investment he made of millions of dollars of union pension funds into hedge funds operated by local businessmen.
Most importantly, this is not only an investment that is good for our residents, but also one that is good for the City's pension funds.
The city needs approval from the federal government before it can create the savings program, said John Adler, the director of the Mayor's Office of Pensions and Investments and chief pension investment advisor.
But the comptroller has also attacked New York's low rate of contracting with female - and minority - owned businesses, and has talked in forceful terms about using the city's pension fund as a bludgeon to open up insular investment firms.
Comptroller Scott Stringer, investment adviser and trustee to the $ 150 billion city pension funds, is questioning «both the magnitude and the corporate purpose» behind the Clayton Williams Energy Inc. donations to the National Rifle Association and American Crossroads, a conservative political action committee.
The comptroller also «is the custodian and investment advisor to the Boards» of the five pension funds which are collectively referred to as «NYC Public Pension Funds» or «New York City pension funds&pension funds which are collectively referred to as «NYC Public Pension Funds» or «New York City pension funds&Pension Funds» or «New York City pension funds&pension funds».
In announcing the 4 - 1 Feb. 15 decision, City Comptroller John Liu, the custodian and investment adviser to the city's five pension funds, said that the vote was a sound decision that sent a clear message about the fund's commitment to addressing gun violeCity Comptroller John Liu, the custodian and investment adviser to the city's five pension funds, said that the vote was a sound decision that sent a clear message about the fund's commitment to addressing gun violecity's five pension funds, said that the vote was a sound decision that sent a clear message about the fund's commitment to addressing gun violence.
The administration also got a lifeline from the city's Independent Actuary's office, which has recommended decreasing the rate of return for the city's pension investment fund from 8 to 7 percent.
The plan, which the mayor stressed was merely an agreement «in principle» between city officials and labor leaders, would create a single, consolidated pension investment management board that would manage all five of the city's existing pension funds.
«While we still have much work to do to address the high costs of pensions and healthcare, the main drivers of expense to local governments, this year's executive budget keeps our funding for cities stable and begins smart investments into infrastructure and education which will pay long term dividends to all New Yorkers,» Miner said.
The New York Times had a big story yesterday on how Wall Street investment fees wiped out $ 2.5 billion in investment gains for New York City pension funds.
The investment earnings forecast used to discount pension debt was lowered from 7.5 to 7 percent, triggering a local government employer rate increase of about 50 percent for cities over the next seven years.
I was reminded of this by a report that the League of California Cities wanted the state's big public pension fund, CalPERS, to boost investment returns.
The legislative representative to the League of California Cities urged the CalPERS Investment Committee Monday to think «out of the box» in finding a way to exceed its 7 % investment return projections, saying that cities won't be able to pay their monthly contributions to the pension plan if returns are thaCities urged the CalPERS Investment Committee Monday to think «out of the box» in finding a way to exceed its 7 % investment return projections, saying that cities won't be able to pay their monthly contributions to the pension plan if returns areInvestment Committee Monday to think «out of the box» in finding a way to exceed its 7 % investment return projections, saying that cities won't be able to pay their monthly contributions to the pension plan if returns areinvestment return projections, saying that cities won't be able to pay their monthly contributions to the pension plan if returns are thacities won't be able to pay their monthly contributions to the pension plan if returns are that low.
After more than five years of inspiring and creative campaigning from the climate movement, the New York City and State pensions are moving forward to freeze new investments in fossil fuels and divest.
In addition to this effort, I authored the legislation creating the District's first Climate Change and Resiliency Commission; I led the fight to have the District's retirement and pension funds divest from carbon and fossil fuel investment holdings; I wrote several bills to expand opportunities for solar installation; and I led the effort to name 2018 as the Year of the Anacostia River to celebrate and bring attention to the river on the eastern half of our city.
On January 10, 2018, the Mayor of New York, Bill de Blasio, announced that the city would disinvest its pension funds of $ 191 billion in fuel fossil investments and sued BP, Shell, ExxonMobil, Chevron and ConocoPhillips.
In January, New York City announced its intention to divest $ 5 billion in fossil fuel investments from its pension funds within five years.
Modeled on the successful effort to get colleges, pension funds, churches, cities, and states to divest from apartheid South Africa, the groups are asking ethical investors to freeze new investments in fossil fuel companies and divest from direct ownership or commingled funds, which include public equities and corporate bonds.
New York City Affordable Housing strategic policy advisor Deborah VanAmerongen provides commentary in this piece discussing New York City's pension investment in affordable housing.
An official who oversees investments for New York City's pension funds thinks Mark Zuckerberg should step down as Facebook's chairman.
Head of New York City's pension fund investments thinks Mark Zuckerberg should step down as chairman of Facebook.
Chancellor Capital Management / Invesco, Inc. (City, ST) 1995 — 2000 Partner and Managing Director — Institutional Fixed Income • Manage in excess of $ 44 billion, approximately $ 20 billion of which were managed with a total rate of return objective • Focus in mortgage - backed and asset - backed securities • Create and implement strategy for all MBS and ABS investments for total rate of return portfolios • Responsible for risk management including establishing and monitoring appropriate risk levels • Collaborate with CIO in management of all core portfolios benchmarked against the Lehman Aggregate Index • Run weekly strategy meetings defining portfolio construction in conjunction with Investment Policy Committee guidelines • Oversee assets in excess of $ 10 billion including pension funds, public funds, and insurance funds • Conduct client reviews and new business presentations on a regular basis • Serve as point person for key strategic partnerships based out of New York