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November 5, 2013


Treasurer Cowell, NC Retirement Among Sovereign Wealth’s Top Public Investors 

Raleigh, NC – At today’s Council of State meeting, Treasurer Janet Cowell announced that North Carolina Retirement Systems has been named to the top 25 in the prestigious Sovereign Wealth Fund’s Public Investors 100 list for 2013.  North Carolina, ranked 21, was one of only two U.S. funds to make the top 25 in this global list.

“It is a testament to the hard work of our investment staff that we were included among the world’s best public investors,” Cowell said. “We will keep building on North Carolina’s great tradition of solid pension funding to secure the retirement for thousands of families across our state.”

The Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds and other long-term governmental investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade, and other relevant issues. The investors on the list were chosen by SWFI staff and come from medium- to large-sized asset owners. They are judged not only on fund size, but also on management and trends in the asset-owner industry.

“Being a steward of more than $80 billion in public pension fund money, Janet has rallied for increased independence at the North Carolina Retirement Systems,” the SWFI report stated. It also noted that “North Carolina has outperformed the national average for public pension funds by 22 percent.”

See the write up and the full list here


The North Carolina Retirement Systems, the formal name for the pension fund, is now the eleventh largest public pension fund in the country. It provides retirement benefits and savings for more than 875,000 North Carolinians, including teachers, state employees, firefighters, police officers and other public workers. For more information, visit​.