Connecticut Retirement Plans & Trust Funds, Hartford, returned -0.9% for the fiscal year ended June 30.
The results were “disappointing” but not surprising given worldwide market conditions, said Denise Nappier, state treasurer and principal fiduciary of the $24 billion retirement system.
Ms. Nappier made her comments Wednesday at a meeting of the state investment advisory council in Hartford, where the results were presented. The return figure is net of all fees and expenses.
Performance was adversely affected by weak market conditions in Europe, said Lee Ann Palladino, chief investment officer.