Brad Lander Recommends New York Pension Funds Ditch BlackRock

New York’s largest pension manager is facing a show of no confidence. Outgoing Comptroller Brad Lander has recommended that the city drop BlackRock because it’s not doing enough to factor climate into its investment strategies.

Today’s newsletter lays out the high-stakes showdown, which comes barely a month before Zohran Mamdani is sworn in.