• Most Popular
  • Most Shared

NYC pension fund down 8.5 percent in third-quarter

NEW YORK
Wed Oct 29, 2008 6:43am EDT

NEW YORK (Reuters) - The value of New York City's five pension funds fell about 8.5 percent in the quarter ended in September, Comptroller William Thompson said Tuesday.

The total value of the funds fell to $95.9 billion (59.6 billion pounds) from $104.7 billion, outperforming other public pension funds, the Democratic comptroller said in a statement.

Earlier, state comptroller Thomas DiNapoli said the value of the New York State pension fund has fallen more than 20 percent since April 1.

(Reporting by Joan Gralla; Writing by Ciara Linnane; Editing by Dan Grebler)


More from Reuters

Photo

Microsoft loses Word appeal, will adjust program

SEATTLE (Reuters) - Microsoft Corp said on Tuesday it will tweak its Word application to remove a feature judged to be a breach of patent, ensuring that it will be able to continue selling one of its most widely used programs.

» More Top News
Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Healthcare Reform
Soldiers look on as U.S. Secretary of Defense Robert Gates speaks to soldiers at F.O.B. Warrior in Kirkuk, Iraq December 11, 2009. REUTERS/Justin Sullivan/Pool

Are you pregnant? Sir! No, Sir!

There are some 115,000 U.S. troops in Iraq -- and one commander wants to make sure his soldiers don't multiply.  Full Article 

Politics