{"id":1569,"date":"2022-04-26T12:42:23","date_gmt":"2022-04-26T16:42:23","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/?post_type=newsroom&p=1569"},"modified":"2023-08-09T09:54:16","modified_gmt":"2023-08-09T13:54:16","slug":"the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions","status":"publish","type":"newsroom","link":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\/","title":{"rendered":"The Wall Street Journal: New York City Wants to Amp Up Risk in Workers Pensions"},"content":{"rendered":"
[vc_row][vc_column width=”1\/1″][vc_column_text uncode_shortcode_id=”911659″]NEPC’s Kevin Leonard was quoted in a recent Wall Street Journal article to address the potential impact of ramping up risk. View the article on The Wall Street Journal’s site here<\/a>.<\/em><\/p>\n

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New York City\u2019s comptroller is the latest public official trying to change laws aimed at limiting risk in pension investments, as U.S. state and local pension funds try to plug shortfalls in a low-return environment.<\/p>\n

Comptroller Brad Lander, who oversees about $260 billion in retirement money for city police, firefighters, teachers and other public workers, is asking New York lawmakers for more flexibility to invest in private markets, high-yield debt and foreign stocks. The state comptroller\u2019s office, which supervises another $280 billion in retirement assets, views the idea favorably, with a representative saying such flexibility \u201cis key in times of market volatility.\u201d<\/p>\n

. . .<\/p>\n

\u201cInvestment advisors and managers are going to [pension] boards and saying there\u2019s no way you\u2019re going to meet the return assumption if you have these handcuff s on,\u201d said Kevin Leonard, partner at NEPC, which advises public pension funds.<\/p>\n

Click here to continue reading the full Wall Street Journal article.<\/strong><\/em><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column width=”1\/1″][vc_column_text uncode_shortcode_id=”911659″]NEPC’s Kevin Leonard was quoted in a recent Wall Street Journal article to address the potential impact of […]<\/p>\n","protected":false},"author":95,"featured_media":1570,"template":"","meta":{"content-type":"","footnotes":""},"newsroom_categories":[81],"newsroom_tags":[82,83],"class_list":["post-1569","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","newsroom_categories-in-the-news","newsroom_tags-press","newsroom_tags-press-coverage"],"yoast_head":"\nThe Wall Street Journal: New York City Wants to Amp Up Risk in Workers Pensions - Private Wealth - NEPC<\/title>\n<meta name=\"description\" content=\"NEPC's Kevin Leonard was quoted in a recent Wall Street Journal article to address the potential impact of ramping up risk.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepc.com\/private-wealth\/newsroom\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Wall Street Journal: New York City Wants to Amp Up Risk in Workers Pensions - Private Wealth - NEPC\" \/>\n<meta property=\"og:description\" content=\"NEPC's Kevin Leonard was quoted in a recent Wall Street Journal article to address the potential impact of ramping up risk.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nepc.com\/private-wealth\/newsroom\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\/\" \/>\n<meta property=\"og:site_name\" content=\"NEPC - Private Wealth\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T13:54:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nepc.com\/private-wealth\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-489301186.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1361\" \/>\n\t<meta property=\"og:image:height\" content=\"770\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/newsroom\\\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\\\/\",\"url\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/newsroom\\\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\\\/\",\"name\":\"The Wall Street Journal: New York City Wants to Amp Up Risk in Workers Pensions - Private Wealth - NEPC\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/newsroom\\\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/newsroom\\\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2022\\\/04\\\/iStock-489301186.jpg\",\"datePublished\":\"2022-04-26T16:42:23+00:00\",\"dateModified\":\"2023-08-09T13:54:16+00:00\",\"description\":\"NEPC's Kevin Leonard was quoted in a recent Wall Street Journal article to address the potential impact of ramping up risk.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/newsroom\\\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/newsroom\\\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/newsroom\\\/the-wall-street-journal-new-york-city-wants-to-amp-up-risk-in-workers-pensions\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2022\\\/04\\\/iStock-489301186.jpg\",\"contentUrl\":\"https:\\\/\\\/www.nepc.com\\\/private-wealth\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2022\\\/04\\\/iStock-489301186.jpg\",\"width\":1361,\"height\":770,\"caption\":\"Workplaces in a modern panoramic office, New York city view in the windows, Manhattan. 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