COEUR D'ALENE. Idaho - Two executives involved in managing large public pension funds said yesterday that economically targeted investments should continue to play an integral role in the funds' investment portfolios.

Speaking at the National Association of State Treasurers Conference, Steven J. Nesbitt, a senior vice president at Wilshire Associates, and Carol O'Claireacain, commissioner of the New York City Department of Finance, both said the tremendous assets of pension funds make them a logical financial tool for improving the housing industry and the employment picture.

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