The North Carolina pension system, which is facing scrutiny overpast investment practices, posted a gain of 12.28 percent in 2013, with equitiesmore than doubling that rate of return.
State Treasurer Janet Cowell, who is one of the few publicpension administrators empowered to act as sole fiduciary, reportedthat the fund ended last year with $86 billion in assets, a rise of$8 billion for the year. Stock gains were 26.24 percent for theyear.
Other parts of the portfolio performed well, too, with credit up7.6 percent, real estate 11.56 percent and private equity gaining11.72. Fixed income bonds had a loss of 3.49 percent.
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