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Investing in New York
… possible, the Comptroller guides the Fund to invest in New York-based business ventures, companies and other …
https://www.osc.ny.gov/common-retirement-fund/investing-new-yorkNYS Common Retirement Fund Reports Third Quarter Results
… “Volatility remains the defining characteristic of the investment landscape, however. As we approach the Fund’s … maintain our conservative approach and keep a close eye on investment returns.” The Fund's estimated value reflects … the strongest in the nation. DiNapoli initiated quarterly investment performance reporting in 2009 as part of his …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli Announces Lowered Fees for New York State's 529 College Savings Direct Plan
… money go further.” The 529 College Savings Program is an investment tool designed to help parents save for college. … to 0.17 percent. The Direct Plan offers a variety of investment options including three age-based portfolio … portfolios which enable parents to create their own investment strategy. New York’s Direct Plan is managed by …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-announces-lowered-fees-new-york-states-529-college-savings-direct-planClark Mills Fire District – Controls Over Financial Activities (2014M-315)
… 2014 fiscal year. Key Findings The Board did not adopt an investment policy as required by GML. The District has been using a credit union for the deposit and temporary investment of District funds, which is not authorized by GML. … and 2013 as required by GML. Key Recommendations Adopt an investment policy as required by GML. Deposit and invest …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/01/09/clark-mills-fire-district-controls-over-financial-activities-2014m-315State Comptroller DiNapoli Releases School District Audits
… (Tompkins County) District officials did not follow their investment policy. As a result, officials did not maximize … officials did not develop and manage a comprehensive investment program. Auditors also found officials did not … earned an additional $614,606 if they used other available investment options. Niagara Falls City School District – …
https://www.osc.ny.gov/press/releases/2020/09/state-comptroller-dinapoli-releases-school-district-auditsOpinion 92-52
… MUNICIPAL FUNDS -- Deposits and Investments (joint investment with public authorities) PUBLIC AUTHORITIES LAW, … may not enter into a cooperative agreement for the joint investment of its funds with the funds of other public … North may participate in a cooperative plan for the joint investment of its funds with the funds of other public …
https://www.osc.ny.gov/legal-opinions/opinion-92-52Glens Falls Common School District - Cash Management (2019M-177)
… monthly cash flow forecasts that estimate available funds for investment. District officials generally agreed with our …
https://www.osc.ny.gov/local-government/audits/school-district/2019/11/15/glens-falls-common-school-district-cash-management-2019m-177Moriah Central School District - Cash Management (2019M-65)
… officials did not develop and manage a comprehensive investment program to ensure interest earnings were … cash flow forecasts that estimate available funds for investment. Ensure idle funds are invested in a manner, …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/14/moriah-central-school-district-cash-management-2019m-65Opinion 95-30
… sources (1994 Opns St Comp No. 94-15, p 25). Since the primary purpose of the 1992 amendments to section 11 was to …
https://www.osc.ny.gov/legal-opinions/opinion-95-30NYS Common Retirement Fund Reports Second Quarter Results
… State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year 2018-2019 was … 30, 2018, the Fund had 41.4 percent of its assets invested in publicly traded domestic equities and 15.6 percent in international public equities. The remaining Fund assets by allocation are …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) estimated overall investment … out during the fiscal year. Employer contribution rates are determined by investment results over a multi-year period …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyState Pension Fund Adds $30 Million for Investments in New York Companies
… The New York State Common Retirement Fund has committed an additional $30 million to … to seeking out profitable investment opportunities for the Retirement System’s members, retirees and beneficiaries." … Vnomics, a fleet management software company located near Rochester and FieldLens, a construction industry mobile …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesState Comptroller DiNapoli Releases Municipal Audits
… a $500 fine. Plattekill Public Library – Procurement and Investment of Funds (Ulster County) The board did not always comply with its procurement and investment policies, or with statutory requirements relating … $24,009. In addition, the board did not adhere to its investment policy by limiting the investment decisions to the …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-dinapoli-releases-municipal-audits-1NYS Comptroller DiNapoli Writes to President Biden in Support of His Planned Veto of Anti-ESG Resolution
… New York State Comptroller Thomas P. DiNapoli today wrote to President Biden … Department (DOL) rule that allows managers of retirement funds that are subject to the Employee Retirement Income …
https://www.osc.ny.gov/press/releases/2023/03/nys-comptroller-dinapoli-writes-president-biden-support-his-planned-veto-anti-esg-resolutionVillage of Greenwich - Cash Management (2019M-230)
… The Board did not develop and manage a comprehensive investment program to ensure interest earnings were … cash flow forecasts that estimate available funds for investment. Ensure available funds are invested within legal …
https://www.osc.ny.gov/local-government/audits/village/2020/04/17/village-greenwich-cash-management-2019m-230Town of Moriah - Cash Management (2019M-169)
… The Board did not develop and manage a comprehensive investment program to ensure interest earnings were … cash flow forecasts that estimate available funds for investment. Ensure available funds are invested in a manner, …
https://www.osc.ny.gov/local-government/audits/town/2019/11/27/town-moriah-cash-management-2019m-169Management of Cash and Investments
… practices to manage cash and to maximize return on its investment portfolio. However, improvements are needed to … a written plan for meeting the objectives set forth in its investment guidelines. Key Recommendations Routinely monitor … over to the MTA Treasury Department. Establish a written investment plan which includes yield expectations and perform …
https://www.osc.ny.gov/state-agencies/audits/2013/02/13/management-cash-and-investmentsXIV.3.A Overview – XIV. Special Procedures
… section of law. The Comptroller is responsible for the investment of State funds until they are needed to support … in some cases, non-appropriated payments. The Short Term Investment Pool (STIP) is comprised of all the operating cash … GCA for the purposes of short-term investments. The STIP investment objective is to seek a high level of interest …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3a-overviewInvestors Renew Call on Exxon to Address Climate Risk
… A coalition of institutional investors, led by New York State Comptroller Thomas P. DiNapoli, as trustee of the … world live up to their commitment to the Paris Agreement 2 degree scenario." The CRF and the Church of England are … the New York City Retirement Systems, CalPERS and other U.S. and European investors. A list of co-filers is available …
https://www.osc.ny.gov/press/releases/2017/02/investors-renew-call-exxon-address-climate-riskNY State Comptroller DiNapoli Announces Appointment of Interim Emerging Managers Director
… doors for up-and-coming financial managers,” said Chief investment Officer Anastasia Titarchuk. “I look forward to … and women owned business entities) conference to give investment managers the opportunity to gain a better understanding of the Fund's investment process and manager selection. This year’s …
https://www.osc.ny.gov/press/releases/2023/02/ny-state-comptroller-dinapoli-announces-appointment-interim-emerging-managers-director