North Carolina Retirement Systems
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North Carolina posts 2.3% fiscal year return on strength of non-core real estate portfolio
trueNorth Carolina Retirement Systems, Raleigh, returned a net 2.3% for the fiscal year ended June 30, 80 basis points above its benchmark, the pension fund reported Friday.
Public pension plans make strides in staff pay
trueTwo large public pension plans recently adopted new compensation plans executives hope will enable them to recruit and retain key investment professionals.
North Carolina rehires Prudential as record keeper for 2 DC plans
trueNorth Carolina Retirement Systems rehired Prudential Retirement as record keeper for $9.1 billion in 457 and 401(k) plan assets.
North Carolina picks Neuberger Berman to run emerging managers private equity program
trueNorth Carolina Retirement Systems hired Neuberger Berman to run a new $200 million program for small and emerging private equity managers.
BlackRock, Ceres create ESG governance guide for institutional investors
trueBlackRock teamed up with Ceres to create a guide for U.S. institutional investors on engaging with companies and policymakers on sustainability issues, the two institutions announced Thursday.
North Carolina Retirement Systems gains 2% in quarter, 5.9% for year
trueNorth Carolina Retirement Systems, Raleigh, returned 2% in the first quarter of 2015 and 5.9% over the 12 months ended March 31.
North Carolina allocates $4.5 billion in new equity initiatives, commits $1.1 billion
trueNorth Carolina Retirement Systems hired two managers to run a total of $4.5 billion in new public equity initiatives and committed $1.1 billion to alternative funds.
North Carolina launches second in-state private equity fund
trueNorth Carolina Treasurer Janet Cowell announced Wednesday the launch of a second innovation fund that will invest in North Carolina-centered companies.
North Carolina returns dip in third quarter, but up 9.4% for last 12 months
trueNorth Carolina Retirement Systems returned 9.4% for the 12-month period ended Sept. 30, but the $88.4 billion fund lost 1% in the quarter.
North Carolina launches record-keeper search for 2 DC plans
trueNorth Carolina Department of State Treasurer, Raleigh, is searching for a firm to provide record keeping and/or communication services for its 457 and 401(k) plans with more than $8.6 billion in combined assets.
The Gross effect
trueMany asset owner clients of Pacific Investment Management Co. cited their long-term relationship with the firm — ties that go beyond co-founder and Chief Investment Officer William H. Gross — as a reason for not terminating the firm after Mr. Gross' unexpected move last month to Janus Capital ...
North Carolina Retirement Systems commits $1.5 billion
trueNorth Carolina Retirement Systems, Raleigh, committed $1.5 billion in recent months, according to an update provided by the investment management division to the investment advisory committee Sept. 24.
Employee group wants North Carolina out of hedge funds
trueThe State Employees Association of North Carolina wants state Treasurer Janet Cowell to follow CalPERS’ lead and get out of hedge funds.
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.