Oct. 29, 2026 Board Meeting Summary of Actions

Renewed the agreement with AQR Capital Management LLC to manage a portion of the System’s assets as an active MSCI ACWI Ex-U.S. international equity manager, for one year, effective Jan. 6, 2027.

Renewed agreements with the following firms to manage a portion of the System’s assets as passive MSCI ACWI Ex-U.S. international equity managers, for one year each:  

  • BlackRock Institutional Trust Co. N.A. (effective Dec. 12, 2026)
  • State Street Global Advisors Trust Co. (effective Feb. 18, 2027)

Renewed agreements with the following firms to manage a portion of the System’s assets as active global bond managers benchmarked to the Bloomberg Global Aggregate Float Adjusted Ex-CNY Bond Index (hedged to the U.S. dollar), for one year each:  

  • Loomis Sayles & Co. LP (effective Nov. 8, 2026) 
  • Goldman Sachs Asset Management LP (effective Nov. 12, 2026)

Renewed the agreement with Nomura Corporate Research and Asset Management Inc. to manage a portion of the System’s assets as an active U.S. high-yield manager in an account benchmarked to the ICE BofAML U.S. High Yield Constrained Index (HUC0), for one year, effective Nov. 28, 2026.

Renewed the agreement with StepStone Group LP to serve as a private equity and private debt consultant, for one year, effective Feb. 1, 2027. 

Renewed the agreement with StepStone Group Real Estate LP to serve as a real estate consultant, for one year, effective Feb. 1, 2027.  

Renewed the agreement with Meketa Investment Group Inc. to serve as a secondary real estate consultant, for one year, effective Feb. 1, 2027.  

Accepted the report of Plante Moran on the financial statements of the Retirement System as of June 30, 2026 and for the plan year then ended.  

Authorized the Executive Director and Chief Investment Officer to contract with Plante Moran for audit services, including examinations of the System’s financial statements and the schedule of employer allocations. 

Authorized the Executive Director and Chief Investment Officer to contract with Earnest Partners LLC, subject to the satisfactory completion of due diligence, to manage a portion of the System’s portfolio in an international equity mandate benchmarked to the MSCI ACWI Ex-U.S. Index and to allocate an initial funding of up to $500 million in one or more tranches. 

Authorized the Executive Director and Chief Investment Officer to contract with WCM Investment Management Inc., subject to the satisfactory completion of due diligence, to manage a portion of the System’s portfolio in a global equity mandate benchmarked to the MSCI ACWI Index and to allocate an initial funding of up to $600 million in one or more tranches. 

Authorized the Executive Director and Chief Investment Officer to make a $500 million commitment to Abbott Select EM III LP, subject to the satisfactory completion of due diligence. 

Approved the System’s 2027 Legislative Program.  

Reappointed Daniel Bukowski to a three-year term on the Investment Advisory Committee, effective Jan. 1, 2027. 

Reappointed Paul Dolinoy, Jill Hatton, Laura Huntington and Daniel Hogarty Jr. to three-year terms on the Real Estate Advisory Committee, effective Jan. 1, 2027.  

Reappointed Sean W. Atkinson, Peter K. Cosgrove and Steven C. Huber to three-year terms as advisors to the Risk Committee, effective Jan. 1, 2027.

Adopted a resolution honoring the career of retired NYSTRS executive Margaret Andriola who served the System for 29 years. 

Adopted a resolution honoring Dr. Steven Kronick for his service on the System’s Medical Board. 

Adopted a resolution honoring Howard J. Bicker for his service on the System’s Investment Advisory Committee.