Pension fund generates positive annual returnPublished 10:09pm Friday, August 24, 2012
RALEIGH (AP) — North Carolina’s pension fund for public employees netted positive returns for the previous fiscal year as fixed income investments outpaced stocks, particularly international shares.
State Treasurer Janet Cowell announced Friday the overall North Carolina Retirement Systems generated a 2.2 percent return for the year ending June 30 despite a 1.2 percent decline in the final three months of the fiscal year.
Cowell said the fund was paced by a nearly 12 percent return in its bond portfolio last year even while its global stock portfolio saw a 6 percent loss. Real estate and private equity components also yielded positive returns.
The retirement system’s assets were $74.5 billion as of June 30. More than 850,000 teachers, state employees, law enforcement officers and others get retirement benefits and savings through the system.