New York City Employees’ Retirement System, the city’s largest pension fund, rose 14.09% for the year ended June 30, excluding fees, outperforming the 13.28% gain of the system’s benchmark, according to the plan’s board.
NYCERS ended its fiscal year on June 30 with $34.6 billion, the board said Tuesday at a meeting. The fund’s return outperformed Wilshire Associates’ 13.28% median gain in public funds with assets of $5 billion or more.
Since June, the fund has gained 9.3%, including fees, to $37.3 billion under management as of Sept. 24, the board reported during a regular quarterly meeting.
Equities, which include U.S. and international stocks, real estate and private equity, comprise 69% of the fund’s holdings, and totaled $24 billion on June 30. Fixed-income investments were $10.6 billion, or 31% of assets, the pension board said.
NYCERS is one of five pension plans covering the city’s police, firefighters, school teachers and administrators that have a total of $105 billion in assets.