New York State Retirement Fund Posts 6.12% Quarterly Investment Return
Dow Jones
Aug 17
The New York State Common Retirement Fund, one of the largest public pension funds in the U.S., generated a 6.12% investment return for its fiscal first quarter, which ended June 30.
The fund's long-term expected rate of return is 5.9%.
New York State Comptroller Thomas DiNapoli on Monday said the fund ended the quarter with a value of $309.7 billion, up from $295.4 billion at March 31, the end of its previous fiscal year.
The fund had about 39% of its assets invested in publicly traded equities and nearly 23% of its portfolio invested in cash, bonds and mortgages as of June 30.
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