Now Hevesi, 60, is mulling a run next year to succeed New York State Comptroller Carl McCall, who’s campaigning for governor. “I am seriously thinking about it,” says Hevesi, who plans to make a decision on the state race by February or March. If he runs, Hevesi will join a Democratic field that already includes Gabelli senior vice president Bill Mulrow and Buffalo city Comptroller Anthony Nanula. As the sole trustee of more than $100 billion in pension assets, the New York State comptroller is arguably the largest single public investor in the world. In his eight years as comptroller of New York City, Hevesi presided over the city’s five major pension funds, which mushroomed from $50.7 billion in 1994 to $87 billion this year, largely as a result of the 1990s bull market. Says Hevesi, “I didn’t promise anyone when I was elected that the pension funds would nearly double, but I’ll take credit for the $87 billion.”
