NY State Retirement Fund Hits Record High

The New York State Common Retirement Fund hits a record high of $295.4 billion, marking an 11.94% return for the fiscal year. Despite aiming for a conservative 5.9% return, the fund surpasses expectations, even after paying out $16.8 billion in benefits. The funds success is attributed to a diversified investment approach, with 39.4% in stocks and the rest in bonds, mortgages, private equity, and real estate. The fund secures the future for over 1.3 million public workers and their families. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/29d234d79873308c