New York State Comptroller Thomas P. DiNapoli today announced that Vicki Fuller, chief investment officer of the New York State Common Retirement Fund (Fund), will retire this summer after a six-year tenure.
"Under Vicki’s direction, the state pension fund has produced impressive investment returns, averaging an annual growth rate of more than 8.75 percent. The Fund has gained significant value and led the nation as one of the best managed public pension funds. Her legacy and dedication are impressive, but nothing is more important than her sincere and tireless concern for the more than one million New York state workers, retirees and families who rely on the Fund for financial security," DiNapoli said. "Since Vicki joined us, she has focused her decades of investment experience on delivering results and enhancing the Fund’s ability to serve their interests far into the future. By both measures, she has been an absolute success."
"Vicki’s creative and strong leadership leaves us with an excellent management team and increased operating efficiencies. She and her team have also been innovators in many areas. Among other achievements, they have integrated environmental, social and governance factors into our investment processes, defined clear sustainability principles and helped us make our minority and women-owned business enterprise investment program one of the largest and best in the country. I thank her for her contributions and wish her the best," DiNapoli added.
Fuller said: "I will always be grateful to Comptroller DiNapoli for the opportunity to work on behalf of New York’s public servants and their families. His trust, support and thoughtfulness have been indispensable. And my colleagues at the Fund have been essential to every accomplishment we have enjoyed. Since my first day they have been an inspiration and an extraordinarily dedicated team of talented and genuinely nice people. There is never a great time to leave a place like the New York State Common Retirement Fund but there are several goals I want to pursue while I can."
About the New York State Common Retirement Fund
The New York State Common Retirement Fund is the third largest public pension fund in the United States, with an estimated $209.1 billion in assets under management as of Dec. 31, 2017. The Fund holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million state and local government employees and retirees and their beneficiaries. The Fund has a diversified portfolio of public and private equities, fixed income, real estate and alternative instruments.