New York State Common Retirement Fund, Albany, returned an estimated 14.6% on its investments for the fiscal year ended March 31, confirmed Eric Sumberg, a spokesman for New York State Comptroller Thomas P. DiNapoli, the sole trustee of the fund.
The fund had estimated assets of $146.5 billion as of March 31. That's 9% above the audited total of $134.3 billion a year earlier, cited in the fund's fiscal year 2010 annual report.
Audited figures for the fund's investment return and total assets will be available “in the next couple of weeks,” Mr. Sumberg wrote in an e-mail.
“The fund remained resilient during a tough economic period,” Mr. DiNapoli said in a news release. “There still are reasons to be cautious about the ongoing recovery, but the results are a good sign that the fund has weathered the worst of the downturn.”
