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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.  At the end of the fiscal year closing June 30, 2013 total assets of the Cash Management Program, the Pension Fund Investment Program, and Ancillary Investment Programs were $93.73 billion.

The Investment Management Division is responsible for the management of:

The Cash Management Program

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 Overview 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 and each has a proportionate share of the Equity Fund, Fixed Income Fund, Real Estate Fund, Alternative Fund, and Credit and Inflation Protection Fund. For more information on the investment of these assets, please visit the Pension Fund Overview page.

The Ancillary Investment Programs

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, and other non-Pension assets invested in the core fixed income portfolio.  


Program Percentage of Total Assets in 2013​
Cash Management Program 13.16%​
Pension Fund Investment Program ​85.34%
Ancillary Investment Program ​1.50%


Department Information

Main Phone Number:  (919)  814-4330 

Investment Management Contacts​
​Kevin SigRist ​​Chief Investment Officer
Tim Viezer
Public Equity Director
Jeff Smith​ Investment Grade Fixed Income Director
Alison Garcia ​Real Estate Director
​Craig Demko Private Equity Director
​Christopher Morris ​Risk and Asset Allocation Director
Ronald Funderburk​ ​Opportunistic Fixed Income/Inflation Director



 Investment Policies


 Annual Report


 Annual Report Supplements


 2012-2013 Annual Report


 Recent Reports


 Recent Press


 Upcoming Events


 Contact Us


​Main Number:
(919) 814-4350