Investment Management

The Investment Management Division serves as the investment arm for the Department of State Treasurer. This Division employs more than 20 investment professionals that provide the expertise for state government investing. 

The Investment Management Division is responsible for the management of the Short-Term Investment Fund (STIF), the Pension Fund Investment Program and the Ancillary Investment Programs.

Investment Advisory Committee Meeting

The Public is welcome to attend the February 28, 2024 meeting in person or, to attend virtually:

Registration: https://attendee.gotowebinar.com/register/6658618664903169374

Audio only:    +1 (914) 614-3221    Code:  750-082-717

To make a public comment, please plan to attend the Investment Advisory Committee meeting in person and sign in where directed. If you have questions, or more than one member of your organization would like to make a public comment, please send an email to Gail.Kadash@nctreasurer.com.

About Us

The Investment Management Division is responsible for the management of:

Ancillary Governmental Participant Investment Program (AGPIP)

As authorized by the General Assembly, responsible for managing assets for the Escheats Fund, Public Hospital Funds, the Local Government Other Post-Employment Benefits Fund, Local Government Law Enforcement Special Separation Allowance Fund, and other Non-Pension assets.

For more detailed information, visit the Ancillary Governmental Participant Investment Program (AGPIP) section on the Programs page.

The Pension Fund Investment Program

The majority of the assets managed by the Investment Management Division belong to the various pension funds administered by the State Treasurer. Collectively, these systems and funds are referred to as the North Carolina Retirement System. For more information on the investment of these assets, please visit the Pension Fund Overview section on the Programs page.

The Short-Term Investment Fund (STIF)

Responsible for managing the operating funds of the State. The main participants in this program are the State’s General Fund and Highway Funds. For more information on the investment of these assets, please visit the Cash Management section on the Programs page.

 

Division Information

Main Phone Number (919) 814-4330

Investment Management Contacts Title
Christopher Morris Co-CIO/Chief Risk & Operating Officer
Jeff Smith Co-CIO/Director of Investment Grade Fixed Income
Craig Demko Director of Private Equity
Matthew Krimm Director of Investment Operations and Risk
Rhonda Smith Director of Public Equity
Ronald Funderburk Director of Opportunistic Fixed Income/Inflation Sensitive
Troy March Director of Real Estate