The New York State Common Retirement Fund, Albany, recorded a 1.91% return on investment for the quarter ended Dec. 31, Comptroller Thomas DiNapoli announced Thursday in a news release.
(That quarter is the third quarter of the fund’s fiscal year.)
New York Common reported assets of $181.7 billion for the quarter ended Dec. 31, up 1.9% from the previous quarter.
“Prudent management has nurtured the fund’s growth despite market volatility,” Mr. DiNapoli, the pension fund’s sole trustee, said in the news release. “We continue to seek out diverse opportunities that enable us to maximize stable, long-term investment returns that ensure a secure retirement.”
For the quarter ended Sept. 30, the fund recorded a -0.52% return on investment.
The news release described the fund’s broad asset allocation as: domestic equities, 39.5%; international equities, 13.2%; cash, bonds and mortgages, 29.1%; private equity, 7.6%; real estate, 6.4%; absolute-return strategies, 3.4%; and opportunistic alternatives and real assets, 0.8%.
Matthew Sweeney, a spokesman for Mr. DiNapoli, did not respond to a request for comment by press time.
