# Metal Trades Branch Local 638 Pension Fund

Metal Trades Branch Local 638 Pension Fund is a Pension Fund based in Long Island City, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Long Island City, United States
- **Region:** North America
- **Address:** 27-08 40th Avenue 2nd Floor, Long Island, NY, United States
- **Founded:** 1965
- **Assets under management:** Undisclosed
- **Website:** www.steamfitters.com

## Regulatory record

- **Reports private funds:** No

## About

The Metal Trades Branch Local 638 Pension Fund was established in 1965. It operates as a multi-employer plan under collective bargaining agreements between Steamfitters Local 638 and the Mechanical Service Contractors Association of New York. The fund deploys capital into commercial real estate and loans. Confirmed holdings include a minority stake in the AFL-CIO Building Investment Trust and various loan instruments. Geographic exposure centers on the United States with additional fixed-income positions managed by AllianceBernstein, J.P. Morgan Asset Management, and PIMCO. The fund lists 838 in assets according to internal records. It maintains a relationship with custodian The Bank of New York Mellon and legal counsel Kramer Levin Naftalis & Frankel. No additional offices are recorded. Governance rests with co-chair trustees representing labor and employer interests, a structure required by the Taft-Hartley Act for multi-employer plans.

## Sectors

- Real Estate
- Fixed Income

## People

- Robert J. Bartels, Jr. — Co-Chairman / Trustee
- Jerome Morreale — Co-Chairman / Trustee
- William J. Turnbull — Executive Administrator

## Questions

### Who runs investment decisions at Metal Trades Branch Local 638 Pension Fund?

Co-Chairmen Robert J. Bartels, Jr. and Jerome Morreale oversee the board. Executive Administrator William J. Turnbull handles day-to-day operations. External advisors including AllianceBernstein and PIMCO execute specific mandates.

### Does Metal Trades Branch Local 638 Pension Fund participate in fund commitments or only direct deals?

The fund holds both commingled vehicles and direct positions. Examples include the AFL-CIO Building Investment Trust and individual loan instruments.

### How is Metal Trades Branch Local 638 Pension Fund related to United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry?

Local 638 operates as an affiliate of the United Association. The international union participates in reciprocal pension credit agreements that allow members to transfer service across participating locals.

### What investment stages does Metal Trades Branch Local 638 Pension Fund typically target?

The fund focuses on income-producing assets rather than venture or growth equity. Holdings emphasize stabilized real estate and fixed-income securities.

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Last updated: 2026-07-08T21:04:05.482Z

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