NYCERS was founded in 1920 with 13,331 members. Today it is the largest municipal public employee retirement system in the US, with more than 350,000 active members and retirees. The board of trustees is the governing body of NYCERS. It manages the assets of the teachers, NYCERS, police, fire and New York City Board of Education Retirement System funds, with total assets of $194 billion. Asset allocation as of May 2016 was 34 per cent US equities, 16.5 per cent international equities, 30 per cent fixed income, 2.5 per cent opportunistic fund, 6.4 per cent private equity, 4.7 per cent real assets, 2.4 per cent hedge funds, 1.6 per cent real estate investment trusts and 1.7 per cent cash.
Speaking at the Fiduciary Investors Symposium at Harvard University, John Adler, mayor’s trustee and advisor to the other mayoral appointees at New York City’s $200 billion five retirement systems, highlighted the critical role investors play in protecting workers’ rights and ensuring a just transition as the global economy adapts to the implications of climate change.
Sarah RundellOctober 8, 2019
Empowering long-term influential asset owners to invest responsibly is the key to hastening take-up in responsible investment. Delegates heard how some leading asset owners are doing this through their diversity and ESG practices.
Sarah RundellSeptember 11, 2019
A few weeks ago I had a meeting with Ranji Nagaswami, chief investment advisor to New York City mayor, Michael Bloomberg. She’s the first mayoral chief investment adviser in NYC to oversee pensions and investments, an area that is usually the domain of the comptroller. She is an experienced and dynamic enthusiast with ideas galore […]
Amanda WhiteJune 20, 2012
The arrest of a fundraiser for New York city comptroller John Liu and the ongoing federal investigation into his finances confirms the need for the governance reform planned for the city’s five public pension funds, Columbia Business School Professor Andrew Ang says. Andrew Ang, John Liu, New York State Comptroller, pension reformAsset Owner:
SAM RILEYNovember 23, 2011
New York will radically overhaul its pension system, consolidating the investment strategies for its five pension funds and reforming the governance structures of the funds. ICPM, Keith Ambachtsheer, New York City pension reforms, NYSTRSAsset Owner:
SAM RILEYNovember 2, 2011