NY Pension Fund Reports 2 Percent Return for Quarter

ALBANY, N.Y. (AP) -

The New York pension fund for state and local government workers has reported a 2 percent return for the quarter that ended June 30.

The retirement fund has an estimated value of $181 billion.

Comptroller Thomas DiNapoli, the fund’s sole trustee, says they were able to make some gains in financial markets that remain challenging.

The fund holds assets for more than a million government employees, retirees and beneficiaries.

The fund had 38.3 percent of its assets in domestic stocks, 15.6 percent in international stocks, 26.7 percent in cash, bonds and mortgages, 7.8 percent in private equities, 7 percent in real estate and 3.3 percent in other investments.

Its estimated annual return on investment is 7 percent, though it was nearly flat last year.