Become a member and subscribe Login

NY funding controversy spurs pension reforms

SAM RILEY

November 23, 2011

The arrest of a fundraiser for New York city compt
Continue Reading

Access the full content on Top1000funds.com

Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants.

New here

Create an account

Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the Asset Owner Directory (enhanced features coming soon).
Create your Top1000funds.com subscription account
Already a member

Sign in

Already activated your account? Sign in to continue reading and access your saved articles, preferences and member-only content.
Or request login link
Asset owners get permanent complimentary access. Learn more about memberships

, , ,

Asset Owner:Canada Pension Plan Investments (CPPIB)New York State Common Retirement FundNew York City Teachers’ Retirement System (TRS)

One response to “NY funding controversy spurs pension reforms”

  1. John Bond

    The “independent” pension board as currently proposed will have representation by both the Comptroller and the Mayor’s Office, so it does not seem that it will be either independent or apolitical. Further, the proposal grants full investment discretion to an appointed Chief Investment Officer, and seeks to do away with all procurement rules. These together effectively grant more power to the CIO than the sole trustee system of NY State that many have been seeking to change given the potential for abuse. The pension reform goes the wrong way and eliminates many of the checks and balances that are inherent in the NYC System, notwithstanding their complexity. Pension Staff should not report solely to one elected official, but the reform as proposed creates more issues that it solves.

Leave a Comment

More from this fund

Canada places $1.9 trillion pension pool at heart of global capital pitch

Darcy Song

September 14, 2026

Are Canada’s pension bosses paid too much?

Sarah Rundell

September 04, 2026

CPP: Why doing the right thing in TPA can look like losing

Darcy Song

July 16, 2026

CPP, NBIM CEOs swap notes on leading through teams, not bureaucracy

Darcy Song

July 13, 2026

Photo gallery: FIS 2026 at Raffles Singapore

Photo gallery: FIS 2026 at Raffles Singapore

Climate-change cloud has silver lining: Mercer

Climate change could slash as much as 10 per cent Continue Reading Access the full content on Top1000funds.com Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants. New here Create an account Complimentary to register. We'll verify your details and grant access to the archive, our newsletters

PHILIPPA YELLAND

February 16, 2011

CalSTRS plugs holes in neat buckets with risk overlays

CalSTRS will employ a new way of evaluating portfo Continue Reading Access the full content on Top1000funds.com Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants. New here Create an account Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and

Amanda White

February 16, 2011

Ontario Teachers puts hand up for triennial vote on pay

A say-on-pay vote every three years is preferable Continue Reading Access the full content on Top1000funds.com Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants. New here Create an account Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the

Amanda White

February 16, 2011

Occidental managers make capital mistakes in rush to Orient

Everyone is mesmerised by the Asian growth story. Continue Reading Access the full content on Top1000funds.com Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants. New here Create an account Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the

GREG BRIGHT

February 16, 2011

Derivatives: sour grapes or Dodd-Frank victims?

While claims the Dodd-Frank Act will make the deri Continue Reading Access the full content on Top1000funds.com Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants. New here Create an account Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and

MIRANDA WARD

February 16, 2011

CalPERS draws roadmap for manager selection

CalPERS will standardise the process by which it s Continue Reading Access the full content on Top1000funds.com Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants. New here Create an account Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and

Amanda White

February 16, 2011

Previous
Load more

Fiduciary Investors Podcast Series

Listen to Podcast

Subscribe now to

Become a member and subscribe

Join Now

Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.

The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.

Top1000funds.com is read by investment professionals in more than 40 countries.

Privacy Policy | Terms of Service | Cookie Policy | AI Editorial Policy