Albany -- New York State Comptroller Thomas DiNapoli Tuesday announced the release of the audited 2006-2007 Comprehensive Annual Financial Report for the $154.5 billion New York State Common Retirement Fund, which is the third largest public pension fund in the U.S. The report, which details the state pension fund’s activities from April 1, 2006 to March 31, 2007, was audited by Deloitte & Touche LLP and Toski, Schaefer & Co. In each of the past three years, the Government Finance Officers Association has awarded the Fund its Certificate of Achievement for Excellence in Financial Reporting.

“The Common Retirement Fund is as strong and as secure as ever,” said DiNapoli, who as State Comptroller is sole fiduciary of the Fund. “Our broad-based diversification strategy — by asset class, by market sector and by geography — is working the way it’s supposed to work. The CAFR is clear evidence of last year’s performance, and the Fund is continuing that strong performance through the first half of this year.”