Investment Management Division

The Investment Management Division serves as the investment arm for the Department of State Treasurer. This Division employs more than 20 investment professionals that provide the expertise for state government investing.

The Investment Management Division is responsible for the management of:

The Cash Management Program

Responsible for managing the operating funds of the State. The main participants in this program are the State’s General Fund and Highway Funds.

The Pension Fund Investment Program

Responsible for managing assets of the Teachers’ and State Employees’ Retirement System, the Consolidated Judicial Retirement System, the Firemen’s and Rescue Workers’ Pension Fund, the Local Governmental Employees’ Retirement System, the Legislative Retirement System, and the North Carolina National Guard Pension Fund. Collectively, these systems and funds are referred to as the North Carolina Retirement Systems and each has a proportionate share of the Equity Fund, Fixed Income Fund, Real Estate Fund, Alternative Fund, Credit Fund, and Inflation Fund.

The Ancillary Investment Programs

As authorized by the General Assembly, responsible for managing assets for the Escheats Fund, UNC and Public Hospital Funds, the Local Government Other Post-Employment Benefits Fund, and other non-Pension assets invested in the core fixed income portfolio. At the end of the fiscal year closing June 30, 2010, total assets of the Cash Management Program, the Pension Fund Investment Program, and Ancillary Investment Programs were $78.0 billion.