State pension fund drops 6.4%

Staff writer Jonathan B. CoxApril 30, 2009 

— In the first three months of the year, the $55.9 billion state pension fund lost 6.4 percent of its value.

That was at the median for public pension funds, according to data released by N.C. State Treasurer Janet Cowell. And it was better than the 11 percent decline logged by the Standard and Poor's 500, one broad measure of stock market performance.

The North Carolina pension fund is invested 41.1 percent in stocks, 46.9 percent in bonds, 6.2 percent in real estate and 5.8 percent in alternative investments.

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