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New York State Common posts 1.11% gain in latest quarter

New York State Capitol in Albany
New York State Capitol in Albany

New York State Common Retirement Fund, Albany, returned a gross 1.11% for the three months ended Dec. 31, the third quarter of the estimated $186 billion pension fund's fiscal year.

The pension fund's assets increased an estimated 0.81% in the quarter.

A breakout of asset class returns was not disclosed. The pension fund did not provide benchmark information or longer-term returns.

As of Dec. 31, the pension fund had 38.5% of it assets invested in publicly traded domestic equities; 26.8% in cash, bonds and mortgages; 15.6% international equities; 7.7% private equity; 6.8% real estate; 3.2% absolute-return strategies; and 1.4% opportunistic and real assets.

“The state pension fund enjoyed a solid third quarter and, barring a significant downturn, is headed for a successful year. We continue to focus on prudent, long-term management of investments to make sure our assets match our liabilities,” said Thomas DiNapoli, state comptroller and sole trustee of the pension fund, in a news release Monday.