Manager Selection
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.
‘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.