New York State Common Retirement Fund (NYSCRF), the third-largest public pension fund in the United States, has posted a return of 5.28 percent for the third quarter of state fiscal year 2019-2020, according to a recent statement by Thomas P. DiNapoli, New York State Comptroller.
At the of the period the pension fund’s portfolio was valued at $225.9 billion.
“A strong upswing in the markets to close out 2019 boosted the fund’s returns in its third quarter,” said DiNapoli. “Volatility remains the defining characteristic of the investment landscape; however, as we approach the fund’s fiscal year end, we will maintain our conservative approach and keep a close eye on investment returns.”
According to DiNapoli, as of Dec. 31, 2019, the fund had 8.6 percent of its fund assets allocated to real estate and real assets.
NYSCRF has a funded ratio of 96.1 percent and is one of t
