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More Changes Ahead for North Carolina Retirement System
Pensions & Investments Link to more items from this source
Apr. 30, 2014
"The Investment Fiduciary Governance Commission, a special review panel convened by [North Carolina Treasurer Janet] Cowell, recommended April 24 that the state create a board of trustees, the structure public pension funds in all but a few states use. And once implemented, the switch will give Ms. Cowell more time to devote to investment decisions and her priority of increasing allocations to alternatives. But that promises a whole new controversy, following a forensic investigation conducted on behalf of the State Employees Association of North Carolina questioning the fees and level of disclosure provided by alternative money managers."

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