NC Treasurer Janet Cowell
he 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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