New York State Common Retirement Fund, Albany, posted an estimated 2% return on investments for the three months ended June 30, the first quarter of the pension fund's fiscal year.
“We've been able to make some slight gains despite markets that remain challenging,” Thomas P. DiNapoli, the state comptroller and sole trustee of the $181 billion pension fund, said in a news release issued Monday. “Fortunately, we're long-term investors and remain well-funded as we navigate ongoing market fluctuations.”
Quarterly return and asset figures are unaudited.
The pension fund had assets of $178.6 billion for the fiscal year ended March 31, so assets as of June 30 represented a 1.3% increase.
As of June 30, the pension fund's asset allocation was 38.3% domestic equities; 26.7% cash, bonds and mortgages; 15.6% international equities; 7.8% private equity; 7% real estate; 3.3% absolute-return strategies; and 1.3% opportunistic alternatives and real assets.