New York State Common Retirement Fund, Albany, reported an estimated investment loss of 0.92% for the three months ended June 30, the first quarter of the $146.5 billion pension plan's fiscal year, according New York State Comptroller Thomas DiNapoli, the pension fund's sole trustee.
“Like many investors, the New York State Common Retirement Fund has been weathering uncertainty in the financial markets since the end of our fiscal year in March,” Mr. DiNapoli said a news release issued Friday.
Mr. DiNapoli provided no details and no discussion of investment categories that affected the pension fund's results.
“We don't disclose asset-class performance on a quarterly basis,” Eric Sumberg, a spokesman for Mr. DiNapoli, wrote in an e-mail.
The pension fund returned an estimated 5.96% for the fiscal year ended March 31. Estimated assets at the end of the fiscal year totaled $150.3 billion.
The results announced Friday were unaudited. The pension fund has audited figures only in its fiscal-year reports.