“The New York State Common Retirement Fund has reached a milestone,” DiNapoli said. “The Fund ended the fiscal year at an estimated $160.4 billion, an all-time high, and it remains well-positioned for growth as the financial markets continue to gain strength. Fiscal year 2014-2015 will be the final year that employer contribution rates will reflect the market loss of 2008-2009.”
Returns for the Fund’s asset classes were:
- Domestic Equities returned 14.48 percent (at 36 percent of the Fund’s total investments)
- Fixed Income returned 4.87 percent (28.2 percent)
- Non-US Equities returned 9.47 percent (14.1 percent)
- Private Equity returned 11.75 percent (8.6 percent)
- Real Estate returned 11.08 percent (6.8 percent)
- Global Equities returned 13.88 percent (2.9 percent)
- Absolute Return Strategies returned 7.95 percent (3.2 percent)
- Opportunistic Alternatives returned 7.89 percent (0.2 percent)
The New York State and Local Retirement System provides benefits to over one million state and local government employees, retirees and beneficiaries. Over the last 20 years, 82 percent of the cost of benefits have been funded from investment returns.
Click herefor prior year returns.