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NYC Comptroller Urges Pension Fund Divestment from BlackRock

11/26/2025

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Summary

Story summary

New York City Comptroller Brad Lander recommends divesting the city’s pension funds from BlackRock due to its inadequate climate plans.
BlackRock manages $42.3 billion for the pensions.
Lander also proposes terminating smaller mandates with Fidelity and PanAgora for similar reasons.
Armando Senra, BlackRock's Managing Director, says Lander's actions politicize pension funds and jeopardize retirement security.
Incoming Mayor Zohran Mamdani is set to influence future decisions.

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Story summary

New York City Comptroller Brad Lander recommends divesting the city’s pension funds from BlackRock due to its inadequate climate plans.
BlackRock manages $42.3 billion for the pensions.
Lander also proposes terminating smaller mandates with Fidelity and PanAgora for similar reasons.
Armando Senra, BlackRock's Managing Director, says Lander's actions politicize pension funds and jeopardize retirement security.
Incoming Mayor Zohran Mamdani is set to influence future decisions.