North Carolina Retirement System Re-Ups With Barings
The state’s investment authority will add up to $2.1 billion to the funds being managed in its partnership with the alternative investment manager.
The agreements represent a combined $70 billion in OCIO mandates.
It is the first time the city’s pension funds have solicited managers for public equity index services in nearly a decade.
The pension fund’s board also approved contract negotiations with its current general investment consultant Cerity Partners Retirement Plan Advisors.
Much depends on an organization’s portfolio objectives.
Moving to an outsourced CIO model has become a necessity for many small teams.