Pension funds are “perpetual investors” and should promote long-term, sustainable economic growth through integrating environmental, sustainability and governance considerations into investment decisions, New York State Comptroller Thomas DiNapoli says.
New York State Comptroller, Thomas DiNapoli, has defended public defined benefit schemes, saying that they are not a drag on state government finances, are sustainable and form a vital part of the US economy.
After three tumultuous years of reforms including a raft of new policies and procedures at the third-largest pension fund in the US, culminating in a 25.9 per cent return last year, Thomas DiNapoli, the New York State Comptroller, has hit a snag in the last quarter.
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