US - New York City comptroller William C. Thompson, Jr. has revealed his office is exploring the use of the city's pension funds to invest in infrastructure, amid growing concerns economic development projects could be derailed by a weakening economy.
Speaking at a breakfast forum, Thompson said: "We cannot take an approach that embraces, then shies away from, important investments in our city's future." He said his office was looking at the ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here