US - The New York State Common Retirement Fund rose to $132.8bn after the fund returned just over 8% in the quarter ended September 30.
Returns were boosted by strong investments in the equity markets, said New York State Comptroller Thomas DiNapoli.
"Last year's record returns are holding," DiNapoli said. "Over the past few weeks the market has shown strength, however, there's still volatility. The fund remains among the strongest in the nation. Our commitment to long-term, value investing through our diversified portfolio has kept the Fund secure and well positioned to benefit from the markets' continued recovery."
The fund invests 38.8% in public domestic equity, 16.3% in international equities and 27.2% in cash and bonds. It also invests 9.9% in private equity, 4.5% in real estate, 2.8% in absolute return strategies and 0.5% in an opportunistic bucket.
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