New York State Common Retirement Fund, Albany, recorded an estimated net return on its investments of 1.2% for the three months ended Sept. 30.
Estimated assets were $267.8 billion as of Sept. 30.
"Market volatility brought returns down from their heights earlier in the year, but the fund remains on a pace to generate solid returns overall," said Thomas P. DiNapoli, the state comptroller and sole trustee of the pension fund, in a Nov. 10 news release.
"We'll continue to manage investments with prudence and a focus on long-term stability and risk management that has positioned us as one of the nation's strongest public pension plans," Mr. DiNapoli said.
The estimated net return for the pension fund's fiscal second quarter compared with a 6.24% return for the second quarter of the previous fiscal year.
The estimated assets as of Sept. 30 are 18.3% higher than a year earlier. The pension fund issues audited results only for each fiscal year.
As of Sept. 30, the pension fund's asset allocation was 52.1% public equity; 21.8% cash, bonds and mortgages; 12.2% private equity; 8.4% real estate and real assets; and the rest in credit, absolute-return strategies and opportunistic alternatives.
