Your Freedom of Information Law Request FOIL-2023-096848-022051 - (2022 New York City Pension/Investment Management Asset Performance)

[Gunnar Larson]

---------- Forwarded message ---------
From: <Carmen.Garrett at dfs.ny.gov>
Date: Tue, Apr 16, 2024, 12:33 PM
Subject: Your Freedom of Information Law Request FOIL-2023-096848-022051
To: <G at xny.io>



Good afternoon:

Attached, please find correspondence from the New York State Department of
Financial Services pertaining to your FOIL request.

Thank you.

Tracking Number:FOIL-2023-096848-022051


SENT VIA EMAIL

G at xny.io

April 16, 2024

Mr. Gunnar D Larson

xNY.io - Bank.org

406 West 25th Street

New York, NY 10001

Re: Freedom of Information Law (“FOIL”) Tracking No. 2023-096848

Dear Mr. Gunnar D Larson:

I write in response to the FOIL request that you submitted to The New York
State Department of

Financial Services (“Department”), which has been assigned tracking number
2023-096848. The

Department requires additional time to respond to your FOIL request because
we are still

working on your request.

The Department intends to provide its determination of your request by May
15, 2024.

Thank you.

2024-096848: 3/13/24: While surveying 2022 New York City Pension/Investment
Management Asset Performance, xNY.io - Bank.org noticed an overall negative
return for the five systems referenced here:
https://comptroller.nyc.gov/services/financial-matters/pension/asset-performance/.
xNY.io - Bank.org seeks access to any and all records explaing 2022 New
York City Pension/Investment Management Asset Performance as a loss for all
five funds. Comprehensively, the mechanisms for garnering public equity are
easily understood and easy to execute. An advantage for public equity is
its liquidity as most publicly traded stocks are available and easily
traded daily through public market exchanges. Related to New York City
Pension/Investment Management Asset Performance, public equity investments
do not include individual stocks under "asset type" and "asset name."
xNY.io - Bank.org would like to receive record if the five systems owned
PayPal (PYPL) as an individual investment as part of fund investment across
the systems between FY 2020 and 2022. Additionally, xNY.io - Bank.org seeks
trading history ststements of PYPL across the five systems between FY 2020
and 2022.
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