NC treasurer touts pension fund investment vehicle - WNCN: News, Weather

NC treasurer touts pension fund investment vehicle

Posted: Updated:
RALEIGH, N.C. -

The official responsible for overseeing $80 billion in pension funds for North Carolina employees and teachers is touting a plan that invests in companies with state ties.

State Treasurer Janet Cowell on Tuesday visits a Raleigh company that develops mobile applications. It received an investment originating with the $230 million Innovation Fund.

Cowell got permission to use the small slice of pension funds to invest in businesses with significant North Carolina operations and also earn strong returns for the pension fund. Cowell says the Innovation Fund is another way to generate the investment returns needed to make sure the state can pay all pensions promised to more than 875,000 retired workers.

Credit Suisse manages the money and selects outside investment firms to pick individual companies.

  • Trending StoriesTrending StoriesMore>>

  • 2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    Friday, July 25 2014 9:00 AM EDT2014-07-25 13:00:14 GMT
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
  • Twitter pages show NC college binge drinkers passed out

    Twitter pages show NC college binge drinkers passed out

    Friday, July 25 2014 10:03 PM EDT2014-07-26 02:03:40 GMT
    Binge drinking is not a new problem on college campuses but there is a new way people are seeing its impact.Twitter pages are popping up at college campus around the country for the sole purpose of showing students passed out from drinking too much.
    Binge drinking is not a new problem on college campuses but there is a new way people are seeing its impact.Twitter pages are popping up at college campus around the country for the sole purpose of showing students passed out from drinking too much.
  • Woman impales herself on cemetery fence; says she was running from attacker

    Woman impales herself on cemetery fence; says she was running from attacker

    Wednesday, July 23 2014 2:53 PM EDT2014-07-23 18:53:18 GMT
    A woman claims she was running from an attacker and tried to jump a five foot fence when she became impaled. Firefighters had to use power saws and a grinding saw to cut her free, all while she was conscious. After 30 minutes she was transported to an area hospital for surgery to remove the spike sticking out of her thigh. It happened at Vine Cemetery in Hazleton. She said the nearest gate was locked. Witnesses backed...
    A woman claims she was running from an attacker and tried to jump a five foot fence when she became impaled. Firefighters had to use power saws and a grinding saw to cut her free, all while she was conscious. After 30 minutes she was transported to an area hospital for surgery to remove the spike sticking out of her thigh. It happened at Vine Cemetery in Hazleton. She said the nearest gate was locked. Witnesses backed...
Powered by WorldNow

1205 Front St., Raleigh
N.C., 27609

Telephone: 919.836.1717
Fax: 919.836.1687
Email: newstips@wncn.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.