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Investment Standards
… Legislative Program Legislative Session 2021-2022: Investment Standards – Signed into law on July 21, 2022 as … of 2022 – A.9281/S.9045 (Glick/Mannion) – Relates to investment standards for investments of the New York State … account program. Memo Bill Text Status … Relates to investment standards for investments of the New York State …
https://www.osc.ny.gov/legislation/investment-standardsUpstate New York Company Delivers $450,000 Investment Gain To The State Pension Fund
… The New York State Common Retirement Fund"™s (Fund) investment in Canandaigua-based ClearMomentum has generated a $450,000 investment gain, New York State Comptroller Thomas P. … the Fund invests in through its In-State Private Equity Investment Program. Since its inception, the program has …
https://www.osc.ny.gov/press/releases/2015/02/upstate-new-york-company-delivers-450000-investment-gain-state-pension-fundOpinion 88-46
… MUNICIPAL LAW, §§11, 119-o: Pursuant to a cooperative investment agreement, school districts and municipalities … the authority to invest those funds. Authority over the investment of funds may not be delegated to an advisory board. Prior opinions relative to cooperative investment agreements superseded to the extent inconsistent. …
https://www.osc.ny.gov/legal-opinions/opinion-88-46What is a Defined Benefit Plan?
… investment returns have covered 75 percent of the cost of pensions. With defined benefit plans, retirement assets are … credit ; Build a cost-of-living adjustment (COLA) into pensions to help offset the effect of inflation; and Include …
https://www.osc.ny.gov/retirement/members/defined-benefit-planNYS Common Retirement Fund Contacts
… Anastasia Titarchuk Chief Investment Officer atitarchuk@osc.ny.gov Anastasia Titarchuk is the Chief Investment Officer for the New York State Common Retirement … Titarchuk is responsible for developing and implementing investment strategies to ensure that the Fund remains one of …
https://www.osc.ny.gov/common-retirement-fund/resources/nys-common-retirement-fund-contactsTioga Central School District – Cash Management (2020M-83)
… officials did not develop and manage a comprehensive investment program or comply with the District’s investment policy. Had officials invested available funds in … cash flow forecasts that estimate available funds for investment. Ensure excess funds are invested in a manner, …
https://www.osc.ny.gov/local-government/audits/school-district/2020/11/13/tioga-central-school-district-cash-management-2020m-83Plattekill Public Library – Procurement and Investment of Funds (2020M-143)
… (Board) made purchases in compliance with its procurement policy and invested in accordance with statutory requirements and its adopted investment policy. Key Findings The Board did not always comply with its … for the purchase of security cameras. Adopt a procurement policy that included professional services. As a result, …
https://www.osc.ny.gov/local-government/audits/library/2021/04/16/plattekill-public-library-procurement-and-investment-funds-2020m-143NY State Comptroller DiNapoli Announces New $50 Million Investment in Northern Ireland
… from the New York State Common Retirement Fund. The investment from the state pension fund’s private equity … will be managed by 57 Stars, a Washington D.C. based investment manager. “Northern Ireland’s dynamic economy has proven a good investment for our state pension fund and I am gratified that …
https://www.osc.ny.gov/press/releases/2023/10/ny-state-comptroller-dinapoli-announces-new-50-million-investment-northern-irelandDiNapoli Announces New $7 Million Investment in Northern Ireland
… to accelerate growth. “We’re pleased to announce another investment in Northern Ireland’s dynamic economy that will … Ireland, Arlene Foster MLA said: “This significant investment by the New York State Common Retirement Fund … economy has grown from strength to strength and this added investment, combined with Kernel Capital’s impressive track …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-announces-new-7-million-investment-northern-irelandDepew Union Free School District – Investment Program (2023M-77)
… (District) officials developed and managed a comprehensive investment program. Key Findings District officials did not develop and manage a comprehensive investment program. The Business Administrator (BA) and … tax levy. Key Recommendations Comply with the District’s investment policy and develop comprehensive written …
https://www.osc.ny.gov/local-government/audits/school-district/2023/10/20/depew-union-free-school-district-investment-program-2023m-77State Pension Fund Commits Additional $50 Million to Invest in New York-Based Companies
… State-based companies through its In-State Private Equity Investment Program, New York State Comptroller Thomas P. … this money will be overseen by Graycliff Partners, a new investment partner for the fund and one of 19 investment …
https://www.osc.ny.gov/press/releases/2014/11/state-pension-fund-commits-additional-50-million-invest-new-york-based-companiesLake Placid Central School District – Investment Program (2023M-94)
… (District) officials developed and managed a comprehensive investment program. Key Findings District officials did not develop and manage a comprehensive investment program. The Assistant Superintendent for … cash flow forecasts. Consider other legally authorized investment options when investing available funds. Had …
https://www.osc.ny.gov/local-government/audits/school-district/2023/10/20/lake-placid-central-school-district-investment-program-2023m-94Broadalbin-Perth Central School District – Cash Management (2020M-65)
… officials did not develop and manage a comprehensive investment program. As a result, officials did not maximize … forecasts to estimate the amount of funds available for investment. Officials earned interest totaling $40,652 during … about $159,100 more had officials used other available investment options. Key Recommendations Periodically solicit …
https://www.osc.ny.gov/local-government/audits/school-district/2020/10/09/broadalbin-perth-central-school-district-cash-management-2020m-65NYS Comptroller DiNapoli Appoints First Director of Sustainable Investments and Climate Solutions
… in Finance and Fiscal Policy from Cornell University. A photo of Siwo is available for download here https://www.osc.state.ny.us/images/press/andrew-siwo-photo.jpg. About DiNapoli’s Climate Action Plan Released in …
https://www.osc.ny.gov/press/releases/2020/01/nys-comptroller-dinapoli-appoints-first-director-sustainable-investments-and-climate-solutionsDiNapoli Announces $200 Million Commitment for Opportunistic Investments
… Albany today. "I am pleased to welcome Pine Street as an investment partner for our Emerging Manager Program,”said … the Fund has committed more than $4 billion to the various investment classes including public equity ($2.5 billion), … Common Retirement Fund to help increase access to the best investment talent in the emerging hedge fund space,”said …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-announces-200-million-commitment-opportunistic-investmentsFund's Mission, Values and Investment Philosophy
… markets, we should gain exposure through low-cost, passive strategies. In less efficient markets, we consider active strategies where: We understand the drivers of the …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyXIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures
… to any and all funds of the State. The Short Term Investment Pool (STIP) represents a mechanism that allows for … for the purposes of short-term investments. This permits investment decisions to be made based on the assets and … a separate fund (70151). The amount of cash available for investment each day is calculated by the Bureau of State …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3b-short-term-investment-pool-stipState Comptroller DiNapoli Releases Municipal & School Audits
… statements, as required. Greenville Fire District – Investment Program (Orange County) District officials developed a comprehensive investment program but did not effectively manage the … Had officials considered other legally permissible investment options, the district may have earned an …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-dinapoli-releases-municipal-school-auditsExamples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets
… Dividends 1,445,273 Total investment earnings 3,633,622 4,560 Less investment expense 216,428 Net investment earnings 3,417,194 4,560 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-changes-fiduciary-net-assetsDiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… to DiNapoli’s comprehensive Climate Action Plan to lower investment risks from climate change and transition the … greenhouse gas emissions . “While climate change poses investment risks, it also creates opportunities for the state … to Copenhagen Infrastructure Partners IV, a European investment fund that will focus on investments in renewable …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-nys-pension-fund-announces-400-million-sustainable-investments