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. . . .
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