Russia’s invasion of Ukraine has reverberated across global financial systems, and also here. Trustees of the $88 billion municipal employees fund as well as those governing the funds of the Teachers’ Retirement System and the NYPD have voted in recent days to divest of securities issued by Russian companies.
The trustees of the city’s two other pension funds—the Fire Pension Fund and the Board of Education Retirement System—could yet also vote to divest.
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