Common Fund Ends FY'08 with 2.56% Return

August 11, 2008

The New York State Common Retirement Fund ended fiscal 2008 with a positive return of 2.56%, Comptroller Thomas DiNapoli said last week. 'There will always be up years and down years in the market, but the diversification of the Common Retirement Fund helped us weather the economic downturn,' DiNapoli said in a press release. 'Our investment strategy isn't day to day, it's decade to decade, so we're prepared to handle downturns.'

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