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NYC Teachers Fund Pledges $1 Billion for Post-Sandy Rebuilding

December 17, 2012
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New York City’s teacher pension fund pledged to invest $1 billion to rebuild infrastructure and housing damaged by Hurricane Sandy. Bridge repairs, housing, electric power and water systems are among the projects that will be considered for investment by the pension’s seven-member board, which controlled assets valued at $46 billion as of Sept. 30, fund officials said.

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