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Pension fund reports quarterly gain
By: The Associated Press//November 9, 2010
ALBANY — New York’s pension fund for public workers is reporting an 8 percent return on investment in its latest quarter and a market value of nearly $133 billion.
The Common Retirement Fund for more than 600,000 employees and nearly 360,000 retirees and beneficiaries rebounded from the previous quarter, when it reported a loss to about $125 billion.
Comptroller Thomas DiNapoli, elected last week to a new term, says the recent strength in the stock market boosted the Sept. 30 results.
The fund has almost 39 percent of assets in domestic equities and about 16 percent in international equities, with another 27 percent in cash and bonds and the rest divided among private equity, real estate, hedge funds and other investments.
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