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Stock impact report

NYC Pensions Invest in Fund Managed by Ex-Comptroller's Firm [Yahoo! Finance]

Siebert Financial Corp. (SIEB) 
US:NASDAQ Investor Relations: siebertnet.com
Company Research Source: Yahoo! Finance
investing $9.5 million in an infrastructure fund co-founded by former comptroller William C. Thompson Jr. Most Read from Bloomberg Retirement funds for police officers, teachers, non-teaching school employees, and civil servants, are investing in American Triple I, a minority-owned private equity firm, as part of the pensions' $20 billion emerging and diverse manager program. ATI, founded by Clinton administration veteran Henry Cisneros, manages about $400 million in assets, according to a filing with the US Securities and Exchange Commission. The city's pension fund for firefighters didn't invest in ATI. Thompson, a Brooklyn Democrat, served as New York City comptroller from 2002 through 2009. As comptroller, Thompson was the city's chief fiscal watchdog and investment adviser to the city pension funds. He ran for mayor in 2009, losing to Michael Bloomberg, who was elected to a third, four-year term. The former mayor is the founder and majority owner of Bloomberg News paren Show less Read more
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