Story perspectives

Critics Slam Lander's Pension Fund Management Amid Economic Struggles

11/30/2025

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Summary

Story summary

Critics criticize Brad Lander, New York City comptroller, for failing to adequately manage the city's $300 billion pension fund.
He pushed to remove BlackRock as a fund manager due to its stance on green energy.
Critics say the move could harm retirees' investments and undermine the obligation to maximize returns.
As the city faces economic challenges, concerns grow about how Lander's policies and incoming mayor's progressive agenda affect financial stability.

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Story summary

Critics criticize Brad Lander, New York City comptroller, for failing to adequately manage the city's $300 billion pension fund.
He pushed to remove BlackRock as a fund manager due to its stance on green energy.
Critics say the move could harm retirees' investments and undermine the obligation to maximize returns.
As the city faces economic challenges, concerns grow about how Lander's policies and incoming mayor's progressive agenda affect financial stability.