The New York State Common Retirement Fund had a total return of 11.55 percent for the fiscal year that ended on March 31, 2024, New York State Comptroller Thomas P. DiNapoli announced.
The fund closed the year with an estimated value of $267.7 billion, with 12.77 percent of that invested in real estate and real assets.
“Strong performances across asset classes helped drive the state pension fund’s investment returns higher over the past year, with many companies reporting better than expected earnings and consumer spending remaining strong,” DiNapoli said. “While inflation persists and global tensions pose risks to investors, the fund, thanks to its prudent management and long-term approach, is well positioned to weather any storms and continue to provide retirement security to the public employees it serves.”
Real estate investments returned –0.72 percent for the fund in the fiscal year, while real assets investments generated an 8.16 percent return
