The estimated value of the New York State Common Retirement Fund was $291.4 billion at the end of the second quarter of state fiscal year 2025-26, state Comptroller Tom DiNapoli said Friday.<\/p>\n
For the three-month period ending Sept. 30, fund investments returned an estimated 4.13%, the comptroller said, and 9.82% for the first six months of the fiscal year.<\/p>\n
“Despite ongoing domestic and global volatility, financial markets have performed well over the past quarter, benefitting the state pension fund,\u201d DiNapoli said in a statement. \u201cYet concerns over a slowing labor market, inflation and uncertain federal policy warn of turbulence ahead. Our diversification strategy, long-term perspective and effective management strongly positions the Fund to ensure that state and local government employees will receive the retirement benefits they have earned, even amid any market fluctuations.\u201d<\/p>\n
At the end of the last state fiscal year on March 31, the audited value of the fund was $273.1 billion.<\/p>\n
According to the comptroller, the pension fund had 41.7% of its assets invested in publicly traded equities, with the remaining assets invested in cash, bonds and mortgages (21.5%), private equity, real estate and other things.<\/p>\n
The fund\u2019s long-term expected rate of return is 5.9%.<\/p>\n
New York\u2019s pension fund is one of the largest public pension funds in the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"The estimated value of the New York State Common Retirement Fund was $291.4 billion at the end of…\n","protected":false},"author":2,"featured_media":39642,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[109,3478,116,288,257,3365,270,9,24,11,10,49,51,50,12,112,87,115,27],"class_list":{"0":"post-39655","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-app-local-state-politics","9":"tag-app-local-business","10":"tag-app-ny-state-of-politics","11":"tag-business","12":"tag-central-ny","13":"tag-economy","14":"tag-luke-parsnow","15":"tag-new-york","16":"tag-new-york-city","17":"tag-new-york-headlines","18":"tag-new-york-news","19":"tag-new-york-state","20":"tag-new-york-state-headlines","21":"tag-new-york-state-news","22":"tag-news","23":"tag-ny-state-of-politics","24":"tag-politics","25":"tag-rochester","26":"tag-top-stories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/39655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=39655"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/39655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/39642"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=39655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=39655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=39655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}