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Pension fund managers across the country have cut or eliminated exposure to these overpriced and underperforming investments, while the Office of the New York State Comptroller has stood still and spent pension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent Maria Vullo.
This report, produced in partnership with PRI and five
pension funds, was launched through a series of workshops
across Europe and North America, leading to direct engagement with asset owners and
managers.