Keep pulling the thread on Drew Warshaw.
New York taxpayers have paid an additional $59.1 billion in taxes over the past 18 years to cover the state pension fund's investment underperformance.
Drew Warshaw proposes replacing the New York State Pension Fund's 664 active investment managers with a diversified portfolio of low-cost index funds.
Rochester Gas and Electric recently proposed a 36% increase in electricity rates over a single year.
Drew Warshaw proposes creating a model building code for New York that he estimates would reduce construction costs by 15%.
Drew Warshaw asserts that the New York State Pension Fund has zero investments in affordable housing.
Drew Warshaw proposes creating a $10 billion housing fund, the largest in the U.S., to invest in affordable housing in New York.
Drew Warshaw estimates his proposed $10 billion housing fund could help create 100,000 affordable homes in New York.
One in seven public school students in New York City is homeless.
The New York State Comptroller is the sole trustee of the state's public pension fund, a level of authority only shared by the comptroller of Connecticut.
The New York State Unclaimed Fund currently holds $20 billion, an increase from $7 billion when the current comptroller took office 18 years ago.
Drew Warshaw alleges that the New York State Pension Fund's investment managers have underperformed their benchmarks by 39% over the last 18 years.
The New York State Pension Fund has paid $11.3 billion in fees to external investment managers over the past 18 years.