North Carolina Retirement Systems

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  1. 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.

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  1. 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.

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  2. 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.

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  3. Union not happy with N.C. treasurer's push into fee-heavy investments

    trueThe State Employees Association of North Carolina has stepped up pressure on state Treasurer Janet Cowell in recent months as she prepares to flex newly won legislative authority to raise the alternative investments allocation of the $83.1 billion North Carolina Retirement Systems, Raleigh.

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  4. N.C. placement agent review leads to new policy and refunds

    trueA multiyear review of placement agent practices for the $83.1 billion North Carolina Retirement Systems, Raleigh, has led to a rigorous new placement agent policy and roughly $15 million in refunds and fee discounts from eight investment managers.

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  5. North Carolina returns 4.89% in Q3

    trueNorth Carolina Retirement Systems, Raleigh, returned 4.89% in the third quarter of 2013, with positive returns in all asset classes.

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  6. North Carolina Retirement Systems searches for defined contribution consultant

    trueNorth Carolina Retirement Systems, Raleigh, is searching for an investment consultant for its defined contribution plans, according to an RFP.

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  7. North Carolina allocates nearly $1 billion to various funds

    trueNorth Carolina Retirement Systems, Raleigh, allocated more than $960 million to a combination of private equity, real estate, credit and inflation strategies.

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  8. N.C. Supplemental Retirement Plans add PIMCO fund to lineup

    trueNorth Carolina Supplemental Retirement Plans, Raleigh, are adding the North Carolina Inflation Responsive Fund, managed by Pacific Investment Management Co., to the investment lineup of its 401(k) and 457 plans.

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  9. North Carolina returns 9.52% in fiscal year, topping benchmark

    trueNorth Carolina Retirement Systems returned 9.52% for the fiscal year ended June 30, ahead of its 7.25% assumed rate of return and 8.4% market benchmark.

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  10. North Carolina alternatives bill clears Senate, heads to governor

    trueNorth Carolina Retirement Systems won final legislative approval to increase its share of alternative investment assets.

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  11. North Carolina House OKs higher pension fund alternative investment limits

    trueThe North Carolina House of Representatives agreed Wednesday to let the North Carolina Retirement Systems invest a larger share of assets in alternative investments.

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  12. North Carolina takes step closer to higher alternative investment limits

    trueA North Carolina House committee narrowly agreed Wednesday to let the North Carolina Retirement Systems, Raleigh, invest a larger share of assets in alternative investments.

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  13. North Carolina Retirement Systems officials want to hike alts allocation

    trueOfficials at North Carolina Retirement Systems, Raleigh, hope to increase the pension fund’s allocation to alternative investments and expand their internal investment staff, members of the investment advisory committee were told at their meeting Wednesday.

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