June 15, 2016
FOR IMMEDIATE RELEASETreasurer Cowell Reports First Quarter Pension Fund Returns
Raleigh, N.C. - The Department of State Treasurer reported that for the first quarter of 2016 ending March 31, 2016, the retirement plans it manages, known collectively as the state pension fund, reported a gain of 1.0 percent. Over the last 12 months, the fund lost seven tenths of one percent. Pension fund assets were valued at $86.73 billion. The pension plan returned a gain of 5.9 percent annualized over the last 5 years.
Public equity (stocks) fell one tenth of one percent for the quarter. Investment-grade fixed income (bonds) rose 3.3 percent for the quarter and 4.2 percent for the fiscal year to date.
Returns outside of stocks and bonds provided diversification in line with the Department’s investment policy. Non-core real estate rose 8.3 percent to date for Fiscal YTD and 3.4 percent for the quarter. Private equity rose 4.4 percent for the Fiscal YTD and rose 1.8 percent for the quarter. Core real estate was up 7.0 percent for the Fiscal YTD and 1.8 percent for the quarter. Opportunistic fixed income fell 2.6 percent for quarter and 7.1 percent for the Fiscal YTD. Inflation sensitive fell 2.1 percent for the quarter. Multi-strategy fell 2.7 percent for the Fiscal YTD and eight tenths of one percent for the quarter.See the report
for a full reporting of all asset classes.
The North Carolina Retirement Systems, the formal name for the pension fund, is the tenth largest public pension fund in the country. It provides retirement benefits and savings for more than 900,000 North Carolinians, including teachers, state employees, firefighters, police officers and other public workers. For more information, visit www.nctreasurer.com