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Pension Funds

New York State Common CIO to retire

Vicki Fuller, chief investment officer of New York State Common Retirement Fund, speaks during the Milken Institute Global Conference in Beverly Hills, Calif., held earlier this month.

Vicki Fuller, chief investment officer of the New York State Common Retirement Fund, Albany, will retire this summer after having served in the post for six years, said Thomas P. DiNapoli, the state comptroller and sole trustee of the $209.1 billion fund, on Friday.

"Under Vicki's direction, the state pension fund has produced impressive investment returns, averaging an annual growth rate of more than 8.75%," Mr. DiNapoli said in a news release. "The fund has gained significant value and led the nation as one of the best managed public pension funds."

Jennifer Freeman, a spokeswoman for Mr. DiNapoli, declined to discuss the pension fund's search for a successor or a timetable for hiring a new CIO. Ms. Fuller's departure date is flexible because "she will stay to help with the transition," Ms. Freeman said in an interview.

"My colleagues at the fund have been essential to every accomplishment we have enjoyed," Ms. Fuller said in the news release. "There is never a great time to leave a place like the New York State Common Retirement Fund, but there are several goals I want to pursue while I can."

Ms. Fuller could not be reached for comment.