US - A new study finds New York City's defined benefit (DB) pension plans can deliver the same retirement income as a defined contribution (DC) plan at almost 40% less costs.
US - The $146.9bn New York State Common Retirement Fund has allocated $300m to Artemis Real Estate Partners as its initial investment in a new emerging manager component within the asset class.
US - Some 92% of institutional investors are unhappy with executive pay relating to performance at the companies they invest in, research shows
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US - Raudline Etienne, chief investment officer of the $140.6bn New York State Common Retirement Fund, will step down this week to join the strategy firm run by former Secretary of State Madeleine Albright.
US - Employer contribution rates for the New York State and Local Retirement System will rise to nearly 19% from next year, comptroller Thomas DiNapoli has announced.
US - The New York State Common Retirement Fund has announced a proposed $168m settlement of its securities fraud class action lawsuit against National City Corporation over investment losses.
US - Senior officials at ten pension funds have written a letter urging President Barack Obama and congress to act quickly to raise the debt ceiling and address the budget deficit or face dire consequences.
US - Assets at the New York State Common Retirement Fund have hit $146.5bn, surpassing 2008 levels, state comptroller Thomas DiNapoli said today.
US - New York State Governor Andrew Cuomo has introduced pension reform legislation that would impose a new Tier VI for future employees and save taxpayers $93bn over the next 30 years.