New York State Common Retirement Fund, Albany, reported an 8.9% decline in assets to $133.8 billion for the three months ended Sept. 30, confirmed Eric Sumberg, a spokesman for New York State Comptroller Thomas DiNapoli, the sole trustee of the fund.
During the three months, the second quarter of its fiscal year, the pension fund posted a -7.48% return based on unaudited figures, Mr. Sumberg said in a telephone interview.
For the 12 months ended Sept. 30, the return was 4.3%.
“Like almost all investors, the fund has been affected by the sluggish economy and increased volatility in the markets,” Mr. DiNapoli said in a news release announcing the results.
The fund has 36.1% of assets in public domestic equities; 15.1% in international equities; 28.6% in cash, bonds and mortgages; 10.8% private equity; 6.5% real estate; 2.5% absolute return and 0.4% opportunistic strategies, the news release said.