New York State Common Retirement Fund, Albany, had an estimated $116.5 billion in assets as of June 30, up 7.7% from the previous quarter, according to Thomas P. DiNapoli, state comptroller and the fund's sole trustee.
“We're seeing some encouraging signs in the public markets, but we're not out of the woods yet,” Mr. DiNapoli said in a news release. “We are cautiously optimistic that the markets will continue to strengthen in what appears to be an improving economy.”
Spokesman Robert Whalen said the improvement was driven by stronger performance in domestic and international markets.
