N.C. pension fund gains nearly 5 percent in third quarter

The North Carolina pension fund reported a 4.89percent gain on investments in the third quarter in large part because of the performance of its stock portfolio.

The state Treasurer’s office reported that assets of the pension fund, which provides retirement benefits for teachers and state employees, were $83.1billion at the end of the third quarter, up from $80.1billion three months earlier.

The stock portfolio rose 9.19percent in the third quarter. Stocks, which account for nearly 48 percent of the pension fund’s investments, have gained 21.31percent over the past 12 months.

Bonds, which account for just under one-third of the portfolio, gained 0.56percent in the quarter. Over the past 12 months, the bond portfolio has fallen 2.85percent.

The real estate portfolio rose 2.29percent in the third quarter and 11.82percent over the past 12 months. The alternatives portfolio, which consists mostly of private equity funds, rose 2.39percent in the quarter and is up 7.71percent over the past 12 months.

Staff writer David Bracken