New board proposed for NY CRF

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US - New York state comptroller Thomas DiNapoli will have some company as he leads the state's US$116bn pension fund if a new legislation calling for the abolition of the single-trustee model is passed.

New York state attorney general Andrew Cuomo yesterday introduced legislation to create a board of trustees to oversee the New York State Common Retirement Fund. DiNapoli currently serves as a sing...

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