EMAIL DETAILS
SUBJECT:
Re: NYC Fire Dept Pension Fund
PRI: NORMAL
FROM:
C
chuck@mmathisgroup.com
DATE:
2014-02-11 23:11:29
MSG_ID:
<04C7565D-1163-47AC-BCE1-B542970EE88C@mmathisgroup.com>
RECIPIENTS:
TO:
E
Eric Schwerin
<eschwerin@rosemontseneca.com>
CC:
A
Arlene Busch
<abusch@rosemontseneca.com>
H
Biden Hunter
<hbiden@senecaga.com>
J
Joan Peugh
<jpeugh@rosemontseneca.com>
L
Lauren Boyle
<lauren@mmathisgroup.com>
M
Michael Mathis
<mike@mmathisgroup.com>
CONTENT:
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PROCESSED
BUT - the comptroller - Scott Stringer - is in control of it according to this info? Correct? I have some other thoughts which are best discussed off line. Chuck Harple The Mathis Harple Group 923 15th Street, NW Washington, DC 20005 202-662-9700 office 202-957-0042 cell chuck@mmathisgroup.com Please pardon any typos. Sent by iPhone. > On Feb 11, 2014, at 3:25 PM, Eric Schwerin <eschwerin@rosemontseneca.com> wrote: > > FYI, here is the description that Joan found which details the NYC Pension Funds. The Firefighters Fund is separate from the Police. > > Overview of the NYC Public Pension Funds > > The City’s primary employee Pension Funds are the New York City Employees’ Retirement System (NYCERS); the Teachers’ Retirement System of the City of New York (TRS), the New York City Police Pension Fund Subchapter 2 (POLICE); New York City Fire Department Pension Fund Subchapter Two (FIRE); and the New York City Board of Education Retirement System (BERS). Each Pension Fund is financially independent and has its own board of trustees. > > The Funds provide benefits to their members, which are financed by contributions from members, their participating employers and the Funds’ investment earnings. > > Investment policies are adopted by each of the Funds’ boards of trustees. Each Board establishes an asset allocation policy and defines investment objectives. > > The Comptroller is the custodian and investment advisor to the Boards of the five Pension Funds. > > - See more at: http://comptroller.nyc.gov/general-information/pension-funds-asset-allocation/#sthash.CiU25rzQ.dpuf > > > > > Eric D. Schwerin > Rosemont Seneca Partners, LLC > 1010 Wisconsin Ave., NW > Suite 705 > Washington, DC 20007 > (202) 333-1880 > eschwerin@rosemontseneca.com > P Consider the environment before printing this email. > > On Feb 10, 2014, at 8:15 PM, Chuck Harple <chuck@mmathisgroup.com> wrote: > > February. > > Chuck Harple > The Mathis Harple Group > 923 15th Street, NW > Washington, DC 20005 > 202-662-9700 office > 202-957-0042 cell > chuck@mmathisgroup.com > > > Please pardon any typos. Sent by iPhone. > >> On Feb 10, 2014, at 7:57 PM, Eric Schwerin <eschwerin@rosemontseneca.com> wrote: >> >> Sounds good. Katie has blocked out 10-11:30am. I think an hour should be more than enough for Jeremy and Chris. >> >> Are you talking the week of the 25th of February or March for Bill Hite? >> >> Eric D. Schwerin >> eschwerin@rosemontseneca.com >> >> Sent from my iPhone >> >>> On Feb 10, 2014, at 7:43 PM, Chuck Harple <chuck@mmathisgroup.com> wrote: >>> >>> So essentially this is a public plan that includes police as well. It is a fire/police plan. >>> >>> Needless to say, as mike suggested hunter should call Steve and we can work the fop angle. >>> >>> Also, I talked to Rick Terven and the week of the 25 is good. Give me the days to discuss back with Rick. >>> >>> Eric, we are scheduled to meet on Thursday - we need to have a hard stop with Jeremy and Chris at 11:00. This will allow us to have a brief discussion with you and Hunter. Then I have to get to Rockville for a meeting with Ike Leggett and Jeff Buddle. If it requires more time - mike can stay back with you guys. >>> >>> Chuck Harple >>> The Mathis Harple Group >>> 923 15th Street, NW >>> Washington, DC 20005 >>> 202-662-9700 office >>> 202-957-0042 cell >>> chuck@mmathisgroup.com >>> >>> >>> Please pardon any typos. Sent by iPhone. >>> >>>> On Feb 10, 2014, at 5:18 PM, Joan Peugh <jpeugh@rosemontseneca.com> wrote: >>>> >>>> Attached is information on Steve Cassidy's fund. We can discuss more on Thursday. >>>> >>>> Interesting note: >>>> >>>> As of Q1 2013, New York City Fire Department Pension Fund, as part of a join mandate with the Employees and Police pensions, was under committed to its target allocation of 4-5% of its total AUM. At this time it still had approximately USD 1.35 billion to allocate towards the space and was considering managers with an event driven focus as well as an emerging manager’s fund of hedge fund. Despite moving away from fund of hedge fund structures it will also be looking for an fund of hedge fund vehicle that invests in emerging managers. The retirement system will look for new managers on an ongoing basis and does not issue any RFPs and operates an "open door policy" towards hedge fund managers to contact it directly. >>>> >>>> >>>> >>>> -- >>>> Joan K. Peugh >>>> Rosemont Seneca Partners >>>> o: 202-333-1880 >>>> m:202-841-8543 >>>> <Preqin_20140210215409.doc> >=2
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