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NY’s Pension Chief Faces First Democratic Challengers Since 2007 (opens original article in a new tab)

TL;DR

New York's pension chief, Thomas DiNapoli, faces his first primary challenge since 2007 from two Democrats who criticize his investment strategies and advocate for divestment from Israeli bonds and fossil fuels.

  • New York Comptroller Thomas DiNapoli faces first primary challenge since 2007 from two Democrats, Drew Warshaw and Raj Goyle.
  • Challengers criticize DiNapoli for poor pension fund returns and lack of social investments, while advocating for divestment from Israeli bonds and fossil fuels.
  • DiNapoli's office reports 6.77% annualized pension returns, outperforming global but underperforming US portfolios, with 40% in equities and 38% in alternative investments

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