New York State Common Retirement Fund, Albany, posted an estimated investment return of 4.61% for the three months ended Sept. 30, confirmed Eric Sumberg, a spokesman for Thomas DiNapoli, the New York State comptroller and sole trustee of the fund.
The returns are up from 0.29% for the three months ended June 30.
The pension fund's assets increased to $160.4 billion, up from $158.7 billion at the end of the previous quarter. The pension fund operates on a March 31 fiscal year-end.
Mr. Sumberg said individual asset class returns are not disclosed.
As of Sept. 30, the asset allocation was 37.2% domestic equity, 26.1% bonds and mortgages, 18% international equity, 8.1% private equity, 7% real estate, 3.4% absolute return and 0.2% opportunistic alternatives.
“The fund benefited this quarter from strong global equity performance, particularly in the developed international markets,” Mr. DiNapoli said in a news release.