The New York State Common Retirement Fund, Albany, posted a 4.12% return on investment, net of fees, for the three months ended Dec. 31, the third quarter of the pension fund's fiscal year.
"A strong equities market continued to provide solid returns on investments during the last three months of 2017," said Thomas DiNapoli, the state comptroller and sole trustee of the $209.1 billion fund, in a news release Monday.
"Notwithstanding recent volatility, we have welcomed the stock market's nearly decadelong rise," he said. "Our foremost goal will always be to find stable, long-term returns that will continue to provide retirement security for the pension fund's more than 1 million members, retirees and beneficiaries."
As of Dec. 31, the pension fund's largest asset allocations were 40% domestic equities; 23.7% cash, bonds and mortgages; and 18.1% international equities.
Other allocations were 7.6 % private equity; 6.5% real estate; 2.6% absolute return strategies; and 1.5% opportunistic alternatives and real assets.