RALEIGH, N.C. – Current and retired state employees want the North Carolina treasurer to answer questions about why the state's pension fund used a firm that invested in Facebook stock.

The News & Observer of Raleigh reports the 618,000 shares the state currently has in the social media company are worth just half of the $38 per share paid for after Facebook stock was first sold to the public in May.

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A spokeswoman for State Treasurer Janet Cowell says the Facebook stock was an ordinary investment and made up less than a tenth of 1 percent of the pension fund's global stock portfolio.

Cowell's Republican opponent in November also wants answers. Certified public accountant Steve Royal says a company like Facebook isn't an appropriate investment for a state pension fund.

Read more here: http://www.sacbee.com/2012/08/25/4756481/workers-question-nc-pension-facebook.html#storylink=cpy
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