Battle of the bean counters: Challenger emerges for NY comptroller

Some Fridays you’ll find Drew Warshaw by the big brass bull near Wall Street holding an oversized check for $21 million. It represents the fees that the New York state retirement fund is paying to money managers.

It’s also a cornerstone of Warshaw’s campaign to unseat state Comptroller Tom DiNapoli in next year’s Democratic primary. Warshaw says DiNapoli should be doing more to tackle the state’s affordability crisis. He wants to bring fresh energy to an office that isn’t on most people’s radars, but has tremendous reach.

“To have the opportunity and the power to attack the affordability crisis head on is a dream job, and we have got to stop treating these positions like lifetime appointments,” he said.

The comptroller is in charge of the New York State Common Retirement Fund, a $284 billion investment pool that is one of the nation's largest public retirement plans. How that money is invested – and how well those investments perform – have a big impact for taxpayers.


https://gothamist.com/news/battle-of-the-bean-counters-challenger-emerges-for-ny-comptroller