The Future Of NYC Finances

The transcript discusses the challenges faced by pension funds in volatile markets, emphasizing long-term investment strategies and diversification. It highlights lessons from the UK market, NYC's budgeting for pensions, and the importance of preparing for economic downturns. The discussion also covers liquidity risks, asset allocation, and the need for transparency in investment portfolios. Additionally, it stresses the importance of climate commitments in asset management and the collective responsibility to achieve net-zero targets.

How has the performance of the pension funds changed from last year to this year?

What challenges are faced by pension funds in relation to market conditions?

What are the long-term investment strategies mentioned for managing pensions?

What measures are being taken to ensure the city’s budget can cover pension obligations?

What lessons were learned from the recent issues faced by the Central Bank?

How does the city plan to address potential liquidity risks in its pension portfolios?

What is the significance of transparency in managing pension funds according to the speaker?