North Carolina Retirement Systems, Raleigh, returned 9.44% on its investments for the year ended Sept. 30, confirmed spokeswoman Heather Strickland.
The $69.7 billion fund’s public equity portfolio, which represents 50.3% of total assets, was up 9.81% for the 12 months ended Sept. 30, while fixed income, at 38.1% of total assets, was up 11.59%.
The fund’s alternatives portfolio, representing 5.1% of total assets, was up 9.87% for the 12 months, while the fund’s real estate portfolio, 4.4% of total assets, was down 6.37%.
The new credit portfolio, which was started in 2010 and represents 1.3% of total assets, was up 11.02% in the first nine months of 2010.
The new inflation portfolio, also started in 2010 and representing 0.8% of total assets, was down 20.23% in the first nine months of the year. The decrease was attributed to “a more conservative valuation being applied to a timber investment, which is the largest holding in the portfolio,” a news release said.