Larry Schloss

Activist investor Carl Icahn bites Apple, actor Chris Noth plays equity trader and tycoon Guo Guangchang buys a Manhattan landmark.

Larry Schloss, CIO of the $120 billion New York City retirement system and former private equity honcho, is trying to transform the way the U.S.’s fifth-largest pension plan invests its money.

After a false start and a media flap, New York City’s pensions are diving into hedge funds