New York City’s public employee pension fund voted Thursday to pull its money from hedge funds — and weighed doing the same with private equity funds. New York City Employees’ Retirement System — which manages about $55 billion on behalf of 350,000 municipal employees — has 4 percent of its investments allocated to hedge funds,...

BING NEWS:
  • Dozens of Wanamakers employees never got their pensions
    Bill Whiting’s job at Wanamaker’s holds a dear place in his heart. For Whiting, who worked there in his twenties and thirties, it was a deeply formative time — and a whole lotta fun. He was hired as a ...
    06/10/2024 - 11:25 pm | View Link
  • Expert urges employees to go beyond 401(k)s for retirement: 'Don’t leave money on the table'
    As 401(k)s come under immense scrutiny, one expert suggests employees tap into other savings plans.Wealth Enhancement Group Senior Vice President and financial adviser Nicole Webb, whose firm ...
    06/7/2024 - 12:18 am | View Link
  • Led by Texas Teachers, pension funds and consultants press hedge funds to use cash hurdles with fees
    Institutional investors, including some of the largest pension funds, are calling on hedge funds to adopt cash hurdles in their incentive fee arrangements as a best practice standard for the industry, ...
    05/31/2024 - 2:26 am | View Link
  • Commercial Property Meltdown Clobbers Pension Funds
    Recent moves by government pension plans offer a new glimpse into the widespread and slow-moving commercial real estate slump.
    05/30/2024 - 9:30 pm | View Link
  • MOORE: Don't let America's biggest money managers play politics with your pension
    Are you paying attention to what the money managers who you’ve entrusted with your lifetime savings are actually doing with your money? Are they investing to get the best possible ...
    05/29/2024 - 2:00 am | View Link
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