Alternatives Legislation Approved by NC State Senate

NC Treasurer Janet Cowell

NC Treasurer Janet Cowell

The North Carolina State Senate has given approval to modify the composition of alternative investments with regard to the state retirement system’s portfolio. The bill passed by a wide margin in the senate, it now heads to North Carolina’s House of Representatives. Current law stipulates the US$ 78.1 billion pension fund can invest up to 34% in certain categories with caps on each category. The bill would raise the aggregate to 40% of market value including caps in any category at 15%. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]



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