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New York State Common posts 3.5% quarterly return

Thomas DiNapoli

New York State Common Retirement Fund, Albany, posted returned 3.51% for the quarter ended Sept. 30, the second quarter of the pension fund’s fiscal year.

The pension fund’s assets increased 2% to an estimated $184.5 billion in the quarter.

“Investments across several asset classes had positive returns during a solid quarter,” Thomas DiNapoli, the state comptroller and sole trustee of the pension fund, said in a Monday news release. He did not identify the asset classes.

“We don't release returns by asset class on a quarterly basis,” Matthew Sweeney, a spokesman for Mr. DiNapoli, wrote in an e-mail.

As of Sept. 30, the pension fund had 38% of assets invested in publicly traded domestic equities. The next largest component was cash, bonds and mortgages (26.7%), followed by international equities (16.3%), private equity (7.6%), real estate (6.9%), absolute-return strategies (3.2%), and opportunistic alternatives and real assets (1.3%).