By Ted Phillips

New York City Comptroller William Thompson Jr. is looking at infrastructure as an investment for the city's pension funds, he said yesterday.

"Such an investment could help further diversify our portfolio and fulfill our fiduciary goals in terms of return on investment, while addressing the urgent need to repair and expand our roads, bridges, power plants, and schools," Thompson said at a breakfast forum in Manhattan sponsored by Crain's New York Business.

Thompson oversees five pension funds for city employees with assets of approximately $105 billion. He said he is in discussions with the pensions' trustees about the idea.

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Posted by boyang at October 22, 2008 12:20 AM