New York State Common Retirement Fund, Albany, saw its assets increase 6.4% in the three months ended Sept. 30 to an estimated $132.8 billion, according to a preliminary report from Thomas P. DiNapoli, New York state comptroller and sole trustee of the fund.
The fund’s investments returned an estimated 8% during the period, according to a news release about the report.
“Over the past few weeks, the market has shown strength,” Mr. DiNapoli said in the news release. “However, there’s still volatility.”
The figures for the quarter are preliminary; audited returns for the fund are issued for each fiscal year, ending on March 31.
As of Sept. 30, the fund’s asset allocation was 38.8% domestic equities, 16.3% international equities, 27.2% combined cash and bonds, 9.9% private equity, 4.5% real estate, 2.8% absolute return and 0.5% opportunistic strategies. Returns for each asset class weren’t made public.
Dennis Tompkins, a spokesman for Mr. DiNapoli, did not return two calls seeking additional information by press time.