DiNapoli: Slight Retirement Fund Drop in Q2

The New York State Common Retirement Fund's overall return in the second quarter of fiscal 2015 slipped 0.52%, Comptroller Thomas DiNapoli said. According to DiNapoli, that brought the fund's estimated value to $178.3 billion.

Underperforming U.S. small cap stocks and global central bank actions that triggered broad market volatility in the international markets undercut the fund's positive performance in some markets during the three months ending Sept. 30,  DiNapoli said in a Nov. 26 statement.

"On the heels of a robust first quarter, the second quarter presented investors with challenges," DiNapoli said in a Nov. 26 statement. The state's second fiscal quarter ended Sept. 30.

The fund's value was $176.8 billion as of on March 31, the end of the previous fiscal year, and an estimated $180.7 billion at the end of the first quarter of 2015.

The fund has 38.1% of its assets invested in publicly traded domestic equities and 16.9% in international public equities, according to DiNapoli's office. Remaining fund assets by allocation are invested in cash, bonds and mortgages (26.6%), private equity (7.9%), real estate (6.8%), absolute return strategy (3.1%), and opportunistic strategy alternatives and real assets (0.6 %).

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New York
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