New York City's Pension System Seeks Management for $92B Stock Index Funds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2026
0mins
New York City's pension system is seeking bids for $92B of stock index-tracking funds currently overseen by BlackRock (BLK) and State Street Investment Management (STT), Bloomberg's Olivia Raimonde reports, noting that the existing contracts expire by the end of the year, and all interested firms will be eligible to submit proposals by July 15 to manage the portfolios. The city's five major pension plans have a total $127B in equity investments, with most of it allocated to index funds, and the decision to accept new proposals reflects "good governance" according to City Comptroller Mark Levine's office.
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Analyst Views on BLK
Wall Street analysts forecast BLK stock price to rise
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 1057.380
Low
1209
Averages
1354
High
1550
Current: 1057.380
Low
1209
Averages
1354
High
1550
About BLK
BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology and subscription services to institutional and retail clients. Its diverse platforms of alpha-seeking active, private markets, index and cash management investment strategies across asset classes enable it to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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See More
