NYSCRF posts largest investment return in its history
The New York State Common Retirement Fund posted an investment return of 33.55 percent for the state fiscal year, ending March 31. Comptroller Thomas DiNapoli said the return on investments increased the fund’s value to $254.8 billion.
“The state pension fund rode the market rebound from the depths of the pandemic and enjoyed the largest one-year investment return in its history,” says DiNapoli. “This outsized return reinforces the fund’s position as one of the strongest in the nation, but it comes with a caution. Markets remain volatile and as unpredictable as ever.”
As of March 31, the fund had 8.24 percent invested in real estate and real assets.
Kali Persall is a reporter with Institutional Real Estate, Inc. and editor of iREOC Connect.