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Industry News
06.04.08
June 2008 Issue
CalPERS Names Global Equity Senior Investment Officer
By FIN Staff
Recent News
Industry News
NYC Deputy CIO & PE Head Departs
Industry News
North Carolina Governor Josh Stein has signed the 2025 Investment Modernization Act, according to an announcement from State Treasurer Brad Briner’s office. Stein’s signing of House Bill 506 shifts sole responsibility of the investment decisions for the $126.5 billion North Carolina Retirement Systems from Treasurer Briner to a newly created, multi-member investment authority. The North Carolina House passed the bill at the end of April and the authority to manage investments is expected to transfer to the new board beginning on Jan. 1, as reported. North Carolina was one of only three states utilizing a sole fiduciary governance model. The five-member investment authority board will be chaired by Treasurer Briner and be comprised of financial professionals appointed by him, legislative leaders and the governor, according to the announcement, which notes that the board “will rebalance asset allocation and identify strategies to improve the performance and returns of the $127 billion pension plan, which has underperformed for years.”
In The News
MacArthur Taps Boeing For Staffer
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July 2025
July 2025 Issue
This month we take our annual look at the cio hires and departures among the largest public
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