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Treasurer Cowell Reports Third Quarter Pension Fund Returns

Fund Gains 4.89 Percent

RALEIGH – State Treasurer Janet Cowell reported today that North Carolina’s pension fund gained 4.89 percent for the quarter ending September 30, 2013, seeing positive returns in all asset classes. The fund returned 9.97 percent for 12 month period. Pension fund assets were valued at $83.1 billion at the end of the quarter, up from $80.0 billion at the end of the fiscal year.

"North Carolina's pension is solid. We have successfully navigated the market turbulence of the past few years,” stated Cowell.  “Future challenges include low interest rates and slower growth relative to historical standards. That's why I am committed to continuing to diversify the portfolio to keep it growing for the families across our state who depend on it."

The pension fund’s global equity (stock) portfolio gained 9.19 percent for the quarter and 21.31 percent for the year. The stock market enjoyed a strong quarter lifted by continued Federal Reserve stimulus policies and the slowly rebounding economy.

For the quarter, fixed income rose 0.56 percent, the credit strategies portfolio rose 2.31 percent, real estate rose 2.29 percent, alternatives rose 2.39 percent, and the inflation protection portfolio rose 2.76 percent.


View the Third Quarter Performance Report 

The North Carolina Retirement Systems, the formal name for the pension fund, is 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