New york pension fund

The New York State Common Retirement Fund (NYSCRF) is one of the largest public pension funds in the United States, with assets of over $250 billion as of 2022. The fund is responsible for providing retirement benefits to over 1 million active and retired employees of the state and its local governments.

Here are some key facts about the New York State Common Retirement Fund:

  1. History: The fund was established in 1921 to provide a secure retirement income for state and local government employees.
  2. Assets: As of 2022, the fund has assets of over $250 billion, making it one of the largest public pension funds in the United States.
  3. Investments: The fund invests in a diversified portfolio of stocks, bonds, real estate, and alternative assets, such as private equity and hedge funds.
  4. Funding: The fund is funded by contributions from state and local governments, as well as investment returns.
  5. Beneficiaries: The fund provides retirement benefits to over 1 million active and retired employees of the state and its local governments.
  6. Governance: The fund is governed by a 12-member Board of Trustees, which includes the New York State Comptroller, the State Insurance Fund Commissioner, and nine other members appointed by the Governor and the Legislature.
  7. Investment strategy: The fund's investment strategy is designed to balance risk and return, with a focus on long-term growth and income generation.
  8. ESG considerations: The fund has a strong focus on environmental, social, and governance (ESG) considerations in its investment decisions, with the goal of promoting sustainable and responsible investing practices.
  9. Diversification: The fund's investment portfolio is diversified across a range of asset classes, sectors, and geographic regions to minimize risk and maximize returns.
  10. Performance: The fund has consistently outperformed its benchmarks and peers over the long term, with a 10-year annualized return of over 7%.

Some notable investments made by the New York State Common Retirement Fund include:

  1. Real estate: The fund has invested in a range of real estate assets, including office buildings, apartments, and shopping centers.
  2. Private equity: The fund has invested in private equity funds and companies, including those in the technology, healthcare, and consumer goods sectors.
  3. Infrastructure: The fund has invested in infrastructure assets, such as toll roads, bridges, and airports.
  4. Sustainable investments: The fund has made significant investments in sustainable assets, including renewable energy projects and green bonds.

Overall, the New York State Common Retirement Fund is a significant player in the global investment landscape, with a long-term focus on generating returns and promoting sustainable investing practices.