Post by Logan on Feb 20, 2016 5:58:50 GMT -6
Mirroring much of the stock market in general, the state’s main $178.3 billion Common Retirement Fund produced a modest 2.88 percent return during the third quarter of the 2015-16 fiscal year which ends March 31, according to Comptroller Tom DiNapoli.
Here are some more details:
Read more: blog.timesunion.com/capitol/archives/246297/pension-fund-turns-in-sluggish-year-end-growth/
Here are some more details:
The New York State Common Retirement Fund’s overall return in the third quarter of the Fund’s 2015-2016 fiscal year was 2.88 percent for the three-month period ending Dec. 31, 2015, according to New York State Comptroller Thomas P. DiNapoli. The Fund had an estimated value of $178.3 billion at the close of its third quarter.
“The Fund experienced some recovery in the third quarter as markets continued to challenge investors across asset classes,” DiNapoli said. “As a long term investor, however, the Fund measures its success in years and decades, not months. We’re focused on prudent management of investments that weather volatility and provide sustainable returns and retirement security for generations to come.”
The Fund’s estimated value reflects benefits paid out during the quarter.
“The Fund experienced some recovery in the third quarter as markets continued to challenge investors across asset classes,” DiNapoli said. “As a long term investor, however, the Fund measures its success in years and decades, not months. We’re focused on prudent management of investments that weather volatility and provide sustainable returns and retirement security for generations to come.”
The Fund’s estimated value reflects benefits paid out during the quarter.
Read more: blog.timesunion.com/capitol/archives/246297/pension-fund-turns-in-sluggish-year-end-growth/