SENT VIA EMAIL
G@xny.io
June 13, 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 July
11, 2024.
Thank you.
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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-perform...
. 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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