NEW YORK - The market value of the New York State Common Retirement Fund (Fund) decreased to approximately $124.8 billion after Fund investments posted a negative 4.38 percent rate of return for the quarter ended June 30, 2010, the first quarter in the Fund’s fiscal year, according to New York State Comptroller Thomas DiNapoli.

DiNapoli initiated quarterly performance reporting by the Fund for the first time. This practice is part of DiNapoli’s ongoing efforts to increase transparency and accountability regarding Fund management. The Fund, which exists to provide benefits to more than one million retirees, beneficiaries, and active employees, will close its current fiscal year March 31, 2011.

Click here for more information about the Fund.