New York State Common returns estimated 4.07% for quarter

New York State Common Retirement Fund, Albany, posted an estimated investment return of 4.07% for the three months ended Sept. 30, confirmed Jennifer Freeman, spokeswoman for state Comptroller Thomas DiNapoli, the sole trustee of the pension fund.

The pension fund's assets were $150.1 billion for the quarter ended Sept. 30, the second quarter of the fund's fiscal year. Assets rose 2.5% from the quarter ended June 30, when the investment return was -0.92%.

The pension fund “produced reasonable gains this quarter amid a slow economy and uncertainty in the market about the elections,” Mr. DiNapoli said in a news release issued Monday.

The results are estimates because they are unaudited. The pension fund publishes audited figures only for its fiscal-year report. The pension fund also doesn't disclose asset-class performance on a quarterly basis, Ms. Freeman said in an interview.

According to the news release, the fund invested 37.1% of assets in domestic equities and 13.7% in international equities. The combination of cash, bonds and mortgages represented 31.1%; private equity, 9.4%; real estate, 6.4%; and a combination of absolute-return strategy and opportunistic strategy alternatives, 2.3%.

— Contact Robert Steyer at rsteyer@pionline.com | @Steyer_PI