New York State Comptroller Thomas P. DiNapoli announced that the New York State Common Retirement Fund had a negative investment return of 4.14 percent for the state fiscal year that ended March 31. The fund closed the year valued at $248.5 billion.
“Recent months have been trying for investors, but thanks to the state pension fund’s diverse investments, members, retirees and beneficiaries can rest assured their pensions are secure,” DiNapoli said. “There is no doubt that challenges lie ahead, with concerns over a recession and potential interest rate increases, but the state pension fund is well positioned to weather these storms.”
As of March 31, the fund had 44.14 percent of its assets invested in publicly traded equities.
The remaining fund assets by allocation are invested in cash, bonds and mortgages (21.53 percent), private equity (14.61 percent), real estate and real assets (13.39 percent), and credit, absolute return strategies and opportunist
