"Former City Comptroller and current congressional candidate Brad Lander oversaw a major expansion of New York City public pension fund investments in Palantir Technologies, a data analytics firm whose software has long been used by Immigration and Customs Enforcement (ICE) to identify and deport undocumented immigrants. During Lander's tenure as the city's chief financial officer, the city's five public pension funds significantly increased their exposure to Palantir, according to an amNewYork review of pension fund disclosures."
"Between 2022 and 2024, the funds more than tripled the value of their Palantir holdings, rising from approximately $17.6 million to about $56.6 million. The largest growth occurred within the Teachers' Retirement System (TRS), which provides pensions for public school educators. As of June 2024, TRS's Palantir holdings across its Qualified Pension Plan (QPP) and Tax-Deferred Annuity (TDA) accounts totaled roughly $10.9 million."
Former City Comptroller Brad Lander oversaw a major expansion of New York City public pension fund investments in Palantir Technologies, a data analytics firm whose software has long been used by Immigration and Customs Enforcement (ICE) to identify and deport undocumented immigrants. Between 2022 and 2024, the city's five public pension funds more than tripled the value of their Palantir holdings, increasing from approximately $17.6 million to about $56.6 million. Holdings had declined between June 2021 and June 2022, and disclosures do not indicate whether those transactions occurred before or after Lander assumed office in January 2022. The largest growth occurred within the Teachers' Retirement System (TRS), whose QPP and TDA holdings rose from roughly $10.9 million in June 2024 to approximately $60.8 million by June 2025, exceeding the total Palantir investments across all five funds one year earlier. Lander has been a vocal critic of ICE and is challenging U.S. Rep. Dan Goldman in the Democratic primary for New York's 10th Congressional District.
Read at www.amny.com
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