NYC Pension Funds Report 17.4% Gain as U.S. Stocks Soar
This article is for subscribers only.
New York City’s five pensions reported a 17.4 percent gain on investments for the fiscal year ended June 30, propelled by growth in U.S. stocks, Comptroller Scott Stringer said.
Total assets of the funds for firefighters, police officers, teachers, school administrators and civil servants grew to $160.5 billion, the highest ever to end a fiscal year, Stringer said today in a statement.