Posted by: youngragingbull | May 13, 2013

NY state pension fund hits record $160B

The New York pension fund for state and local government workers has topped $160 billion after reporting a 10.4% return on investment for its last fiscal year, the state comptroller’s office reported Monday.

The Common Retirement Fund’s estimated value was $160.4 billion at the end of March, an all-time high for the fund that pays benefits to more than 413,000 retirees and beneficiaries, said Comptroller Thomas DiNapoli, its trustee. It has now restored all $44 billion lost during the recession starting in 2008 and added $6 billion more, largely from rebounding stock prices.

The fund had 36% of its assets in domestic stocks, returning 14.5% last year, and nearly 14% in international equities, returning 9.5%, according to the comptroller’s office.

Its fixed-income investments, 28% of the portfolio, returned 4.9%. Real estate, accounting for 7% of the investments, returned 11%.

Private equity, composing almost 9% of the portfolio, returned almost 12%.

The remainder included global equities, returning 13.9%, and hedge funds returning nearly 8%.

Source: Yahoo Finance

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