New York State Teachers tabulates 9.6% return in fiscal second quarter
Pension fund also approves renewals for investment managers, consultants
Chalky american state of new york flag painted with color chalk on old blackboard
The governing board of the New York State Teachers' Retirement System, Albany, reported that the pension system had an unaudited return on investment, net of fees, of 9.6% for the three months ended Dec. 31, 2020, the second quarter of the pension system's fiscal year. The unaudited return was 5.6% for the three months ended Dec. 31, 2019.
The announcement was made Thursday at the board's quarterly meeting held virtually. Unaudited total assets, net of fees, were $137.9 billion for the three months ended March 31, up 2% from the previous three months and up 25.9% from the quarter ended March 31, 2020, which reflected the greatest impact of the coronavirus pandemic.