State Common Retirement Fund Increased in Second Quarter

The New York State Common Retirement Fund estimated rate of return for the second quarter ending September 30th was 4.07 percent, increasing the fund’s value to $150.1 billion, according to New York State Comptroller Thomas DiNapoli.

The fund has 37.1 percent of its assets invested in publicly traded domestic equities and 13.7 percent in international public equities. The remaining fund assets by allocation are invested in cash. 31.1 percent in bonds and mortgages, 9.4 percent in private equity, 6.4 percent in real estate, 2.00 percent in absolute return strategy and 0.3 percent in opportunistic strategy alternatives.

In 2009, DiNapoli initiated quarterly performance reporting by the fund as part of his on-going efforts to increase accountability and transparency. The fund, which exists to provide benefits to more than one million retirees, beneficiaries and active employees, will close its current fiscal year on March 31, 2013.