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FIS Harvard 2019

NYC Retirement Systems’ S in ESG

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.
Investor Profile

NYC pension funds demand tougher clawback provisions

New York City Comptroller John Liu has rallied NYC pension funds in a call for high profile firms JPMorgan, Goldman Sachs and Morgan Stanley to beef up clawback provisions for senior executives. Goldman Sachs, John Liu, JPMorgan, Morgan Stanley, New York City pension reformsAsset Owner:UAW Retiree Medical Benefits TrustNew York City Police Pension Fund
Analysis

California passes placement agent disclosure bill

In the latest chapter regarding the role of third-party placement agents, the California Senate has passed a bill supported by the state’s largest pension fund, CalPERS, aimed at increasing transparency around the fees paid to these agents doing business with public pension plans. CalPERSAsset Owner:
News

NYC pension funds divest from Iran

The five New York City pension funds selling shares worth $10.8 million in two companies with business ties to Iran have been asked to adopt resolutions for the phased divestment of holdings in eight more companies with ties to the country which, in total, have a market value of more than $141 million. Asset Owner:New […]