The New York State Common
Retirement Fund's overall return in the first quarter of the state fiscal year
2015-2016 was 0.52 percent for the three-month period ending June 30, 2015,
with an estimated value of $182.5 billion, according to state Comptroller
Thomas DiNapoli.
Returns for the S&P
500 were down 0.24 percent for for the same quarter, while the Dow saw a 0.89
decrease and the Nasdaq had modest gains with a 1.75 percent increase.
"The first quarter presented a challenging investment climate,"
DiNapoli said. "Nevertheless, New York's pension fund remains strong and
well-positioned for the future with a smart, long-term investment
strategy."
The Fund's estimated value
reflects benefits paid out during the quarter. The Fund's audited value was
$184.5 billion as of the end of the state fiscal year on March 31, 2015.
As of June 30, 2015, the
state retirement
fund had approximately 38.5 percent of its assets invested in publicly
traded domestic equities and 15.0 percent in international public equities.
The remaining assets by
allocation are invested in cash, at 1.5 percent; Treasury Inflation Protected
Securities at 4.8 percent, bonds and mortgages, at 21.7 percent; private equity
at 7.5 percent; real estate at 6.4 percent; absolute return strategies at 3.6
percent; and opportunistic alternatives and real assets at 1.0 percent.
DiNapoli initiated
quarterly performance reporting by the fund in 2009 as part of his ongoing
efforts to increase accountability and transparency in the state Comptroller's
Office.
New York's is the third
largest pension fund in the United States and has more than one million
members, retirees and beneficiaries. It paid out $10.3 billion in benefits in
the 2014-2015 fiscal year.
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