May 12 (Bloomberg) -- The value of New York state’s pension assets climbed to a record $176.2 billion in fiscal 2014, Comptroller Thomas DiNapoli said.
The New York State Common Retirement Fund, which provides benefits to more than 1 million state and local government workers, retirees and their beneficiaries, returned an estimated 13 percent in the fiscal year that ended March 31, DiNapoli said today in a statement.
“It was a stellar year for us,” DiNapoli, the fund’s sole trustee, said in the statement. “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.”
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