Products February 13, 2012
N.Y. Nurses Pension Plan Hires New Investment Consultant
February 14, 2012 (PLANSPONSOR.com) - Independent Fiduciary Services (IFS), a division of GBS Investment Consulting, LLC has been retained as the new investment consultant of the New York State Nurses Association Pension Plan (NYSNA Plan).
Reported by Rebecca Moore
The NYSNA Plan, headquartered in Albany, New York, has approximately 36,000 active and 5,800 retired members. The NYSNA Plan’s assets total approximately $2.2 billion, and are diversified across public and private market investments.
“The NYSNA Pension Plan sought, and believe we have found, an investment consultant which will partner with the NYSNA Plan investment staff to identify attractive traditional and non-traditional investment opportunities in today’s volatile and challenging financial markets,” said Russ Niemie, the NYSNA Pension Plan’s Chief Investment Officer.« Mich. Unions File Lawsuit Against Changes in State Retirement Plans