# BH Securities

BH Securities is a Pension Fund based in New York, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 120 Broadway, New York, NY, United States
- **Founded:** 1922
- **Assets under management:** 8.6B (Altss estimate)
- **Website:** www.ymca.org

## About

The YMCA Retirement Fund was established in 1922 to administer retirement benefits for participating YMCA chapters. Michael B. Cefole serves as President and CEO while Hunter S. Reisner acts as Chief Investment Officer. The fund allocates across private equity at 23 percent, real estate, energy and natural resources, distressed debt, and hedge fund strategies. Confirmed holdings include positions in Blackstone private equity funds and a public equity stake linked to Uranium Energy Corp. Investments cover the United States and global markets. The fund maintains relationships with YMCA of the USA and employs service providers including Grant Thornton as auditor and Northern Trust as custodian. No recent operational events from the last 24 months appear in available records. Governance centers on a board and investment committee structure that separates plan administration from investment execution.

## Sectors

- Diversified

## People

- Michael B. Cefole — President and CEO
- Hunter S. Reisner — Chief Investment Officer
- Mark Baumgartner — Trustee and Chair of the Investment Committee
- William D. Rueckert — Board Chair

## Questions

### Who runs investment decisions at BH Securities?

Michael B. Cefole serves as President and CEO. Hunter S. Reisner holds the Chief Investment Officer role. Mark Baumgartner chairs the Investment Committee.

### What asset classes does the fund deploy into?

Allocations include private equity at 23 percent, real estate valued near $250 million, energy and natural resources near $381 million, distressed debt near $213 million, and hedge fund strategies near $800 million.

### Does the fund commit to external managers or hold direct assets?

The fund holds both fund commitments such as Blackstone private equity vehicles and direct assets including a real estate portfolio and a public position in Uranium Energy Corp.

### Where does the underlying capital originate?

Assets derive from contributions by participating YMCA chapters that sponsor the multiemployer defined-benefit plan.

### Which service providers support operations?

Grant Thornton serves as auditor since 2018. Northern Trust acts as custodian bank since 2024. Cambridge Associates provides investment consulting since 2010.

## Related profiles

- [Derbyshire County Council Pension Fund](https://altss.com/profile/derbyshire-county-council-pension-fund)
- [Saint-Gobain Pension Fund](https://altss.com/profile/saint-gobain-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/bh-securities-llc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology