North Carolina Retirement Systems
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Public pension funds play supporting roles in state elections
truePublic pension plans are being hit with a mixture of ethics complaints, ballot initiatives and election contests, with candidates using pension reform as an appeal to voters.
Employee group urges SEC to conduct pay-to-play investigation in North Carolina
trueState Employees Association of North Carolina has asked the SEC to investigate whether a money manager doing business with the $90 billion North Carolina Retirement Systems violated pay-to-play rules.
North Carolina revs up internal management
trueAs North Carolina Retirement Systems officials celebrated reaching $90 billion in assets this month, they also prepared to look more like their peers when it comes to internal asset management.
North Carolina Retirement Systems return 15.88%
trueNorth Carolina Retirement Systems returned 15.88% for the fiscal year ended June 30, outpacing its 7.25% assumed rate of return and 15.37% return of its custom benchmark.
North Carolina Retirement Systems commits $735 million
trueNorth Carolina Retirement Systems committed $735 million to alternative investment and real estate funds.
North Carolina Retirement Systems grabs return of 2.24% in Q1
trueNorth Carolina Retirement Systems returned 2.24% in the first quarter, with positive returns in all asset classes.
North Carolina treasurer seeks pension reforms
trueNorth Carolina Treasurer Janet Cowell is asking the state Legislature to change some investment and reporting practices of the $86 billion North Carolina Retirement Systems, Raleigh.
BofA directors re-elected, executive compensation approved
trueBank of America Corp. shareholders Wednesday approved the election of all nominees for director, its executive compensation and rehiring of its auditing firm, while rejecting all shareholder proposals, upending voting decisions of some major pension funds.
Forensic investigation at R.I. yields transparency progress
trueThe review of the $86.1 billion North Carolina Retirement Systems follows a similar forensic investigation of the $8.3 billion Rhode Island Employees' Retirement System, Providence.
More changes ahead for N.C. retirement system
trueAfter years of controversy over the now-$86.1 billion North Carolina Retirement Systems' sole trustee structure, Treasurer Janet Cowell is about to work herself out of that job.
Panel calls for new board structure, end of sole trusteeship for North Carolina
trueNorth Carolina Retirement Systems, Raleigh, should end its sole trusteeship and instead create a board of trustees to oversee its investment program, a governance review panel said Thursday.
Investigator calls for North Carolina state auditor to look into alternatives fees
true“Hundreds of millions” of dollars in fees paid to alternative money managers by the $86.1 billion North Carolina Retirement Systems, Raleigh, are not being disclosed by state Treasurer Janet Cowell, the sole trustee, according to forensic investigator Benchmark Financial Services.
North Carolina Retirement Systems commits nearly $2 billion
trueNorth Carolina Retirement Systems, Raleigh, has committed $1.95 billion to 10 alternative investment funds since mid-December.
North Carolina Retirement Systems returns 12.28% in 2013
trueNorth Carolina Retirement Systems, Raleigh, returned 12.28% in 2013, led by double-digit returns in its global equity portfolio.
North Carolina considers end to sole trustee role
trueThe number of public pension systems with a sole trustee might shrink to two from three, as North Carolina Treasurer Janet Cowell launches a wholesale review of the pros and cons of the approach.