Search
Investing in New York
… possible, the Comptroller guides the Fund to invest in New York-based business ventures, companies and other programs … that spur economic growth and create and retain jobs. In-State Private Equity Investment Program This program invests …
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
… parents save for college. New York’s program began in 1997 and offers tax deductions up to $10,000 annually. DiNapoli’s office and the Higher Education Services Corporation oversee New … that parents can choose from based on risk tolerance and the age of their child. These options, which invest …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-announces-lowered-fees-new-york-states-529-college-savings-direct-planOpinion 92-52
… operate and manage a water supply and distribution system to serve the Water Authority of Great Neck North … and maintenance of a water supply and distribution system by the authority for any municipality having power to construct and develop a water supply and distribution system, upon such terms and conditions as shall be determined …
https://www.osc.ny.gov/legal-opinions/opinion-92-52Clark Mills Fire District – Controls Over Financial Activities (2014M-315)
… union for the deposit and temporary investment of District funds, which is not authorized by GML. The Board Chair had a … policy as required by GML. Deposit and invest District funds only as authorized by GML or other State statute. …
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
… by approximately $44,000. District officials were unable to properly monitor out-of-district tuition billings or … obtain or retain adequate support documentation. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/09/state-comptroller-dinapoli-releases-school-district-auditsOpinion 95-30
… by chapter 708 of the Laws of 1992, sets forth general investment authority for "local governments". The term "local … Section 11 does not apply, however, to moneys, the investment of which is otherwise provided for by law (General … investments by school districts, was silent as to the investment of the moneys of a school district public library. …
https://www.osc.ny.gov/legal-opinions/opinion-95-30NYS 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 … employees’ health and safety, that don’t hire and promote on a level playing field, that don’t protect themselves from … Fund (Fund), which is the one of the largest public pension funds in the United States. The Fund is not subject …
https://www.osc.ny.gov/press/releases/2023/03/nys-comptroller-dinapoli-writes-president-biden-support-his-planned-veto-anti-esg-resolutionNYS Common Retirement Fund Reports Second Quarter Results
… expectations for future returns. Fortunately, the state pension fund is prudently diversified to smooth out the stock … Common Retirement Fund (Fund) is the third largest public pension plan in the nation with an audited value of $207.4 … as one of the nation's best-managed and best-funded pension plans. Find out how your government money is spent at …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsState Pension Fund Adds $30 Million for Investments in New York Companies
… State Common Retirement Fund has committed an additional $30 million to Primary Venture Partners to invest in … investments in companies located in New York state. This is the state pension fund’s third commitment to Primary … companies including Vnomics, a fleet management software company located near Rochester and FieldLens, a construction …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesState Comptroller DiNapoli Releases Municipal Audits
… the following local government audits were issued. Town of Orange – Former Highway Superintendent’s Records (Schuyler … the superintendent pled guilty to attempted obstruction of governmental administration and was sentenced to a … Plattekill Public Library – Procurement and Investment of Funds (Ulster County) The board did not always comply with …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-dinapoli-releases-municipal-audits-1DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) estimated … pandemic. The return on investments increased the Fund’s value to an estimated $254.8 billion. “The state pension fund … unpredictable as ever. With our talented investment staff, I will continue to manage our state’s pension fund with …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyInvestors Renew Call on Exxon to Address Climate Risk
… York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (CRF), and the … investment fund, have again asked ExxonMobil to report how its business will be impacted by global efforts to … in a lower carbon future," DiNapoli said. "We want to know what Exxon's strategy is for continued profitability as …
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
… “Sylvester McClearn has a long and proven track record in the financial industry and I have no doubt he will … with the assistance of other managers and program partners in separately managed accounts or commingled funds. Program partners assist in the timely deployment of capital, perform due diligence …
https://www.osc.ny.gov/press/releases/2023/02/ny-state-comptroller-dinapoli-announces-appointment-interim-emerging-managers-directorGlens Falls Common School District - Cash Management (2019M-177)
… officials did not develop and manage a comprehensive investment program to ensure interest earnings were … 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)
… earnings were maximized. Had officials invested idle funds in a financial institution with higher available interest … monthly cash flow forecasts that estimate available funds for investment. Ensure idle funds are invested in a manner, within legal limits, to maximize interest …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/14/moriah-central-school-district-cash-management-2019m-65Management of Cash and Investments
… Purpose To determine whether the Metropolitan Transportation … million maintained in funds and bank accounts that could have been factored into the budgeting process. MTA officials did not have a written plan for meeting the objectives set forth in …
https://www.osc.ny.gov/state-agencies/audits/2013/02/13/management-cash-and-investmentsXIV.3.A Overview – XIV. Special Procedures
… and keep invested all moneys belonging to any and all funds (of the State) in classes and kinds of investments that … The Comptroller is responsible for the investment of State funds until they are needed to support day-to-day operations … and disbursements AND the pooling of cash assets of the funds within the State’s GCA for the purposes of short-term …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3a-overviewDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… the New York State Common Retirement Fund full access to world class global equity investment opportunities and the …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsTown of Moriah - Cash Management (2019M-169)
… interest earnings. Key Findings The Board did not develop and manage a comprehensive investment program to ensure … monthly cash flow forecasts that estimate available funds for investment. Ensure available funds are invested in a … Town officials generally agreed with our recommendations and have initiated, or indicated they planned to initiate, …
https://www.osc.ny.gov/local-government/audits/town/2019/11/27/town-moriah-cash-management-2019m-169