
Asset Allocation
North Carolina State Pension Returns 11% to End 2020 at Record High
State Treasurer Dale Folwell credits a conservative investment strategy for the fund’s strong performance.
‘You can’t be a gambler, and you can’t profess to have a crystal ball,” says state treasurer Dale Folwell.
Fund now projected to meet return expectations over the next 30 years.
Pension fund assets grew $9.2 billion to $98.3 billion.
Despite fee slashes, fund is not yet out of the water.