New York State Pension Earns 1.4% in Q1 of Fiscal 2024

The New York State Common Retirement Fund’s investment portfolio returned an estimated 1.38% during the first quarter of fiscal 2024, which ended June 30, down from 3.08% during the year-ago period. The pension fund also reported a total asset value of $267.7 billion, unchanged from the previous quarter.

Because the NYSCRF’s estimated value takes into account $4.2 billion in retirement and death benefits paid out during the quarter, the pension fund’s asset value remained unchanged from the previous quarter, despite the investment gain.

As of the end of June, NYSCRF’s asset allocation was 42.32% in publicly traded equities, 22.07% in cash, bonds and mortgages, 14.71% in private equity, 13.14% in real estate and real assets and 7.76% in credit, absolute return strategies and opportunistic alternatives.

The fund does not provide quarterly returns by asset class.

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“Stock market volatility underlines the continued economic uncertainties faced by investors,” said New York State Comptroller Thomas DiNapoli in a statement. “Fortunately, our diverse portfolio is built on long-term sustainable investments that can weather such ups and downs and is one of the reasons we are one of the nation’s strongest public pension funds.”