Review Finds Common Retire Fund Well Run

New York State Comptroller Thomas DiNapoli has released an independent review of the New York State Common Retirement Fund that found it is well-run, operates with an industry-leading level of transparency and invests effectively on behalf of its members.

The review by Funston Advisory Services, required as part of oversight reforms, determined the Comptroller is fulfilling his fiduciary responsibilities and that fund employees act within ethical and professional standards.