NYC Comptroller wants another $27bn in alts

New York City Comptroller Brad Lander is pressing state lawmakers to raise the ceiling on the proportion of their assets the city’s public pension funds can invest in alternative asset classes.

Should lawmakers accept Lander’s arguments, the funds would be free to invest an additional $27 billion in alternative assets.

New York City’s Chief Financial Officer Lander is investment advisor to and custodian of assets of the city’s five public pension funds, which aggregate approximately $274 billion. He is also a trustee to four of the five city pension funds.  . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.

Monthly subscriptions and discounted corporate plans for up to 100 members also available.