The city's police unions have voted to end the participation of the Police Pension Fund in a joint investment arrangement with the four other city funds launched six years ago by City Comptroller Scott Stringer, with one union leader saying that the returns had been disappointing, even as Mr. Stringer contended the systems as a whole had benefited.
He created the Common Investment Meeting in 2015, saying it would consolidate operations by ending the practice of holding separate monthly meetings between his office and the five funds while also improving the return on investments for all of them.
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