FOR IMMEDIATE RELEASE
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
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 www.nctreasurer.com.