The New York State Common Retirement Fund, Albany, posted an estimated return of 5.82% for the three months ended June 30, the first quarter of the pension fund's current fiscal year. Estimated assets for the quarter ended June 30 were $268.3 billion, according to a news release Monday.
For the year-ago period, the corresponding results were an estimated return of 10.4% and estimated assets of $216.3 billion.
"The financial markets remain strong, as industry sectors and companies recover and adapt to the pandemic," Thomas DiNapoli, the state comptroller and sole trustee of the pension fund, said in the news release.
"We continue to seek prudent investments and manage the state pension fund to be able to withstand additional economic disruptions and unpredictable market swings," he added.
The pension fund only provides audited returns for fiscal-year results. For the fiscal year ended March 31, 2021, the fund's assets were $258.1 billion and the annual return was 33.55%.
As of June 30, 2021, publicly traded equities accounted for 53.68% of its assets. Other allocations were cash, bonds and mortgages (21.96%), private equity (11.21%), real estate and real assets (7.96%) and credit, absolute return strategies and opportunistic alternatives (5.19%).