By Cortney Jimenez
•
July 1, 2024
State Comptroller DiNapoli this week announced the New York State Common Retirement Fund had a strong return last year and earned 11.5%, and closed the year with an estimated $267.7 billion value. “Strong performances across asset classes helped drive the State pension fund’s investment returns higher over the past year, with many companies reporting better than expected earnings and consumer spending remaining strong,” Comptroller DiNapoli said. “While inflation persists and global tensions pose risks to investors, the Fund, thanks to its prudent management and long-term approach, is well positioned to weather any storms and continue to provide retirement security to the public employees it serves.” Read More ----> https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24?utm_content=202406022&utm_medium=email&utm_source=weekly+news