Skip to Content

Login   Subscribe   Site Index   Contact Us   Google Translate™

NYS Comptroller

THOMAS P. DiNAPOLI

Press Releases

November 19, 2013, Contact: Press Office (518) 474-4015

NYS Common Retirement Fund Announces Second Quarter Results

Fund Posts 4.61 Percent Gain for Quarter Ended September 30

The New York State Common Retirement Fund's (Fund) estimated rate of return for the second quarter ending September 30, 2013 was 4.61 percent, increasing the Fund's value to an estimated $160.4 billion, according to New York State Comptroller Thomas P. DiNapoli.

"The New York State Common Retirement Fund realized strong second quarter returns even with uncertainty in the markets," DiNapoli said. "The Fund benefited this quarter from strong global equity performance particularly in the developed international markets. Our investment strategy is geared toward consistently achieving above-average long term results but we watch the markets closely to capitalize on opportunities.”

The Fund has 37.2 percent of its assets invested in publicly traded domestic equities and 18 percent in international public equities. The remaining Fund assets by allocation are invested in cash, bonds and mortgages (26.1 percent), private equity (8.1 percent), real estate (7 percent), absolute return strategy (3.4 percent) and opportunistic strategy alternatives (0.2 percent).

In 2009, DiNapoli initiated quarterly performance reporting by the Fund as part of his on-going efforts to increase accountability and transparency.

About the Common Retirement Fund
New York State Comptroller Thomas P. DiNapoli is trustee of the New York State Common Retirement Fund, the third largest public pension plan in the United States with more than one million members, retirees and beneficiaries from more than 3,000 state and local government employers.

The Fund has a diversified portfolio of public and private equities, fixed income, real estate and alternative instruments and has consistently been ranked as one of the best managed and best funded plans in the nation. Over the past 20 years, 82 percent of the cost of benefit payments has been funded by investment returns. The Fund’s fiscal year ends March 31, 2014.



###



Albany Phone: (518) 474-4015 Fax: (518) 473-8940
NYC Phone: (212) 383-1388 Fax: (212) 681-7677
Internet: www.osc.state.ny.us
E-Mail: press@osc.state.ny.us
Follow us on Twitter: @NYSComptroller
Like us on Facebook: www.facebook.com/nyscomptroller