New York State Common Retirement Fund, Albany, reported assets of $140.3 billion as of Dec. 31, up 4.9% from the $133.8 billion reported as of Sept. 30, confirmed Eric Sumberg, a spokesman for New York State Comptroller Thomas DiNapoli, the sole trustee of the fund.
The fund reported an estimated investment return of 4.83%, based on unaudited results, for the three months ended Dec. 31, the third quarter of the fund's fiscal year, according to a news release issued Wednesday.
Mr. Sumberg said in an e-mail that the return for the first nine months of the fund's fiscal year was -1.26%. He declined to provide details about the fund's third-quarter performance.
“The rally in the equities markets has helped the fund maintain its strong position,” Mr. DiNapoli said in the news release. “However, instability resulting from the European sovereign debt crisis and the slow pace of the economic recovery remain areas of concern.”