The New York State Common Retirement Fund returned 0.52% s overall in the fiscal 2016 quarter that ended June 30, said Comptroller Thomas P. DiNapoli.
"The first quarter presented a challenging investment climate," DiNapoli said in an Aug. 14 statement. The state begins its fiscal year on April 1.
The fund's estimated value of $182.5 billion reflects benefits paid out during the quarter. Its audited value was $184.5 billion as of the end of the state fiscal year on March 31.
As of June 30, the fund had about 38.5% of its assets invested in publicly traded domestic equities and 15% in international public equities. Remaining fund assets by allocation are invested in cash (1.5%), treasury inflation-protected securities (4.8%), bonds and mortgages (21.7%), private equity (7.5%), real estate (6.4%), absolute return strategies (3.6%) and opportunistic alternatives and real assets (1%).
DiNapoli initiated quarterly performance reporting by the fund in 2009.
