N.C. Moves Toward Raising Alternative Caps

The North Carolina Retirement Systems, which manages $78 billion in pension assets, is a step closer to increasing its overall cap on alternative investments to 40 percent from 34 percent after the state senate voted overwhelmingly in favor of such a move. So far, the North Carolina house has not yet scheduled a vote on the measure, which also would need Gov. Patrick McCrory’s signature to be put into law.

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