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New York State Teachers tabulates 9.6% return in fiscal second quarter
Pension fund also approves renewals for investment managers, consultants
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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.
New York State Teachers chalks up $907 million in private market commitments
New York State Teachers chalks up $907 million in private market commitments
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The New York State Teachers Retirement System, Albany, made four private equity commitments and two private debt commitments for up to $907 million, according a report prepared for the system s governing board, whose quarterly meeting is Thursday.
The commitments were made during the first quarter. Each was approved by Thomas Lee, executive director and CIO, without a full board vote. The $134.8 billion pension system s rules allow the CIO to take action without a vote under certain circumstances.
The commitments were: