North Carolina Pension Plans Big Hedge Fund Push

Oct 17 2013 | 1:55pm ET

North Carolina's main public pension fund is set to take advantage of a new law allowing it to pour billions more into alternative investments.

The August law allows the North Carolina Retirement System to invest up to 35% of its $80 billion in assets in alternatives. And the pension is preparing to nearly double its current hedge fund investments, Hedge Fund Alert reports.

North Carolina currently has a 2.9% hedge-fund allocation and plans to increase that by a further 2.5%, some $2 billion. The system is already in talks with potential managers, with requests for proposals expected by year-end.

It is unclear which strategies the pension will seek out, according to HFA. "They're doing some initial due diligence to know the market, to decide how to put it out," a source said.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...