The comptroller's performance with the pension fund is crucial because New York counts on investment returns to cover a big share of the benefits promised to employees. (Photo: Getty)
(Bloomberg) –In New York, one person is responsible for the state pension's $209 billion, a sum that would be the envy of even Wall Street's biggest money managers.
But the fund's investment returns under the job's current occupant, Comptroller Thomas DiNapoli, have been less exciting, leaving his performance under fire as he campaigns to keep the job he's held for the past 11 years.
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