Investment Advisory Committee Meetings Archives

Tab/Accordion Items

Meeting Date	Agenda	Minutes/Recordings	Materials
February 23, 2023	Agenda	Meeting Recording Minutes	Performance Review Inflation Portfolio Review
May 31, 2023	Agenda	Meeting Recording Minutes	Performance Review Real Estate Presentation Code of Ethics Review
August 23, 2023 This meeting was held via webinar	Agenda	Meeting Recording Minutes	Performance Review Private Equity Update Public Equity Update
November 15, 2023 This meeting was held both in-person and via webinar	Agenda	Meeting Recording Minutes	Performance Review CEM Investment Benchmarking Report Investment Grade Fixed Income Review Opportunistic Fixed Income Review

Meeting Date	Agenda	Minutes/Recordings	Materials
February 23, 2022 This meeting was held via webinar	Agenda	Meeting Recording Minutes	Performance Update NC Retirement System Asset Allocation and Liability Study: Part 2 Inflation Portfolio Review
May 25, 2022 This meeting was held via webinar	Agenda	Meeting Recording Minutes	Performance Update Real Estate Review IAC Code of Ethics Review Investment Policy Statement IMD-POL-1000-ALL Investment Policy Statement Public Policy Outlook for IAC - Strategas
August 24, 2022 This meeting was held via webinar	Agenda	Meeting Recording Minutes	Performance Update Private Equity Asset Class Review Public Equity Asset Class Review
November 16, 2022 REVISED MEETING DATE: Nov. 9, 2022 This meeting was held both in-person and via webinar	Agenda	Meeting Recording Minutes	Performance Update Investment Cost-Effectiveness Review Fixed Income Asset Class Review Opportunistic Fixed Income Asset Class Review

Meeting Date	Agenda	Minutes	Materials
February 24, 2021	Agenda	Minutes Meeting Recording	Performance Review Public Policy Outlook Inflation Sensitive Asset Class Review Governance, Operations & Investment Practices Review
May 26, 2021	Agenda	Minutes Meeting Recording	Performance Review Real Estate Update Code of Ethics Review
August 25, 2021	Agenda	Minutes Meeting Recording	Performance Review Private Equity Update Public Equity Review Resolution Regarding State Budget Proposal
November 17, 2021	Agenda	Minutes Meeting Recording	Performance Review Asset Liability Study Investment Cost-Effectiveness Review I.G. Fixed Income Asset Class Review Opportunistic F.I. Asset Class Review

Meeting Date	Agenda	Minutes	Materials
November 18, 2020	Agenda	Minutes	Performance Update Investment Cost-Effectiveness Review I.G. Fixed Income Asset Class Review Opportunistic F.I. Asset Class Review
August 19, 2020	Agenda	Minutes	IAC Committee Member Resolution for David Hartzell Performance Update Private Equity Asset Class Review Public Equity Asset Class Review IAC Code of Ethics Update
May 20, 2020	Agenda	Minutes	Performance Update Real Estate Asset Class Review Blackstone's Global & Macro Economic Review
February 19, 2020	Agenda	Minutes	Performance Update Governance, Operations and Investment Practice Review - Scope Inflation Sensitive Asset Class Review Public Policy Outlook

Meeting Date	Agenda	Minutes	Materials
November 20, 2019	Agenda	Minutes	IAC Performance Presentation Investment Grade Fixed Income Review Investment Cost Effectiveness Analysis Opportunistic Fixed Income Review
August 21, 2019	Agenda	Minutes	IAC Performance Presentation IAC Public Equity Presentation
May 22, 2019	Agenda	Minutes	Investment Policy Statement Review Policy Review Update Private Equity Class Review Performance Review - 1Q 2019
February 20, 2019	Agenda	Minutes	IAC Real Estate Asset Class Review IAC Performance Review Public Policy Outlook - Strategas

Meeting Date	Agenda	Minutes	Materials
November 15, 2018	Agenda	Minutes	IAC Performance Review Investment Cost-Effectiveness Review 2017 - CEM Benchmarking IAC I.G. Fixed Income Asset Class Review IAC Opportunistic F.I. Asset Class Review
August 23, 2018	Agenda	Minutes	IAC Performance Review Public Equity IAC Presentation
May 17, 2018	Agenda	Minutes	Market Discretionary Investment Approval Process IAC Inflation Sensitive Asset Class Review IAC Performance Review IAC Private Equity Asset Class Review
February 15, 2018	Agenda	Minutes	IAC Performance Review IAC Capital Market Update IAC Opportunistic F.I. Presentation IAC Policy Review IAC I.G. Fixed Income

Meeting Date	Agenda	Minutes	Materials
November 16, 2017	Agenda	Minutes	Performance Review Investment Cost-Effectiveness Review - CEM Benchmarking Public Equity Asset Class Review Real Estate Asset Class Review Appendix - IAC Charter Draft
August 17, 2017	Agenda	Minutes	Code of Ethics Review Performance Review Private Equity Portfolio Review
March 29, 2017	Agenda	Minutes	Major Initiatives IAC Performance Review Aon Hewitt Compliance and Fee Review Inflation Sensitive Portfolio Review Investment Advisory Committee Charter Review

Meeting Date	Agenda	Minutes	Materials
November 16, 2016	Agenda	Minutes	IAC Performance Review Real Estate Update Public Equity Portfolio Review Policy Consultation, Second Meeting Policies for Review Compensation Structure Update Proposed Addition of Classification Titles to Compensation Structure
September 21, 2016	Agenda	Minutes	IAC Performance Review Policy Consultation Policies for Review Supplement NCRS Investment Cost Effectiveness Analysis Long-Term Stewardship Research Project Slide Presentation Long-Term Stewardship Practices - Draft Policy Presented at September 21 Meeting ESG Integration for Institutional Investment Public Equity Portfolio Review - Deferred until next meeting due to time constraints Long-Term Stewardship Practices - Final Policy Adopted on September 23 after IAC Discussion
July 28, 2016	Agenda	Minutes	Meeting Memo IAC Meeting Supplement IAC Performance Review 2016 NCRS Asset Liability Study TSERS Asset - Liability and Investment Strategy Project Private Equity Update Investment Grade Fixed Income Overview
April 19, 2016	Agenda	Minutes	Meeting Memo 2016 Investment Administrative Changes Act - Draft 2016 Investment Modernization Act - Draft IAC Performance Review NCRS Asset Liability Study Overview TSERS Asset - Liability and Investment Strategy Project Opportunistic Fixed Income Overview Employer Contribution Rate Stabilization Policy 2016 IAC Meeting Dates
January 8, 2016		Minutes

Meeting Date	Agenda	Minutes	Materials
November 18, 2015	Agenda	Minutes	IMD Initiatives Real Estate Update CEM Benchmarking Inflation Portfolio Overview IAC Performance Review 2016 Meeting Dates
September 16, 2015			This meeting was cancelled. The November 18th meeting included reviews of both quarters.
May 20, 2015	Agenda	Minutes	IMD Initiatives IAC Performance Review Asset Allocation / Benchmark Review Opportunistic Fixed Income Overview Public Equity Portfolio Review 2015 Meeting Dates
March 5, 2015	Agenda	Minutes	IAC Performance Review IAC Charter Draft IAC Code of Ethics Draft Investment Program Review NCRS Energy Review Investment Grade Fixed Income 2015 Meeting Dates Sustainable Private Equity Article
February 18, 2015		Minutes	NCDST Compensation Review and Recommendations

Meeting Date	Agenda	Minutes	Materials
December 10, 2014	Agenda	Minutes	IAC Performance Review IMD 2014-15 Initiatives Investment Cost Effectiveness Study IAC Charter and Code of Ethics Private Equity Review Market-Oriented Compensation Study 2015 Meeting Dates
September 24, 2014	Agenda	Minutes	IAC Performance Review IMD Initiatives Memo IMD Initiatives Non-Core Real Estate Review Private Equity Review Investment Policy Statement 2014 Meeting Dates
May 22, 2014	Agenda	Minutes	IAC Performance Review Public Equity Portfolio Review Legislative/Governance Update Draft Investment Policy Statement New Strategic Asset Allocation
February 19, 2014	Agenda	Minutes	Meeting Materials

Meeting Date	Agenda	Minutes	Materials
December 16, 2013	Agenda	Minutes	IMD Initiatives IMD Performance Review NCRS Asset Liability Study Overview Investment Strategy Discussion 2014 Meeting Dates Placement Agent Review Timeline Placement Agent Review
September 18, 2013	Agenda	Minutes	IMD Initiatives IMD Performance Review Alternatives Update Real Estate Update Meeting Memo Investment Strategy Discussion NCRS Asset Liability Study
May 29, 2013	Agenda	Minutes	IMD Initiatives Code of Ethics and Conduct IMD Investment Committee Charter Conflict of Interest Certification Vehicle Selection Policy and Procedures IMD Performance Review Public Equity Portfolio Overview HEK Fiduciary Services Memo 2013 Meetings Dates
February 27, 2013	Agenda	Minutes	Portfolio Summary Tentative Priorities for DST Credit Portfolio Overview Fixed Income Overview

Meeting Date	Agenda	Minutes	Materials
November 14, 2012	Agenda	Minutes	Portfolio Summary GASB Presentation Real Estate Update Risk Analysis
September 13, 2012	Agenda	Minutes	Portfolio Summary Alternatives Update
May 30, 2012	Agenda	Minutes	Portfolio Summary Public Equity Portfolio Overview Simon Ruddick Bio 2012 Meeting Dates
February 29, 2012	Agenda	Minutes	Portfolio Summary Statement of Investment Policy Policy Overview Fixed Income Overview Credit Portfolio Overview 2012 Meeting Dates