DiNapoli: Pension Fund Hits All-Time High

[hrmjustin]

Nick Reisman

The state’s pension fund’s value has hit an estimated $176.2 billion — a record total, Comptroller Tom DiNapoli’s office said.

The pension’s rate of return at the end of the state’s fiscal year, March 31, was estimated at 13.02 percent, the comptroller’s office said.

“It was a stellar year for us. The Fund grew in value to a historic high of $176.2 billion,” DiNapoli said. “The strength of the domestic equity market, coupled with strong private equity and real estate returns, drove much of our growth. The Fund’s diversified asset allocation continued to help generate strong positive returns. The financial markets have given investors a wild ride the last few years but our investment strategy has allowed us to capitalize on opportunities and minimize risks.”

http://www.nystateofpolitics.com/2014/05/dinapoli-pension-fund-hits-all-time-high/

[hrmjustin]

1. DiNapoli: Revenue In April Lower Than A Year Ago

http://www.nystateofpolitics.com/2014/05/dinapoli-revenue-in-april-lower-than-a-year-ago/