NYC Comptroller’s Bureau of Asset Management

The Comptroller is by law the custodian of City-held trust funds and the assets of the New York City Public Pension Funds, and serves as Trustee on four of the five funds. Further, the Comptroller is delegated to serve as investment advisor by all five pension boards. The Comptroller’s Bureau of Asset Management oversees the investment portfolio for each system and related defined contribution funds. In this role, the Comptroller provides investment advice, implements Board decisions, and reports on investment performance. The Bureau of Asset Management advises the Boards on all investment-related topics, including investment policy and strategy, asset allocation, manager structure, manager selection and financial and economic developments that may affect the systems. The systems’ portfolios are managed predominantly by external investment managers, and are largely invested in publicly traded securities, with additional allocations to private equity, real estate, infrastructure, hedge funds, and opportunistic fixed income investments.

Asset allocation

The majority of the domestic equity portfolio is passively managed with the remaining being actively managed by various managers with diverse investment strategies

28.6% US Equity

10.1% World ex US

1.3% Infrastructure

6.5% Emerging Markets

0.7% International FOF

26.9% Fixed Income

0.7% Global Equity

8.5% Alternative Credit

7.9% Private Equity

5% Private Real Estate

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of November 30, 2021. All information is as per the most recent annual report or other publicly available data via the fund's website