North Carolina Retirement Systems, Raleigh, returned 1% for the quarter ended March 31, below its 1.6% benchmark, the pension fund reported Wednesday.
The $86.7 billion pension fund reported a loss of 0.7% for the 12 months ended March 31, and a of 5.9% annualized gain over the last five years. The benchmarks are -0.9% for the year and 5.4% for five years.
For the quarter, returns dipped 0.1% for public equity, 2.6% for opportunistic fixed income, 2.1% for inflation sensitive and 0.8% for multistrategy.
Bonds rose 3.3% in the quarter, while core real estate and private equity each rose 1.8% and non-core real estate increased 3.4%.
North Carolina’s current asset allocation is 58.5% growth, 29.2% rates and liquidity, 10.4% inflation sensitive and diversifiers, and the rest in multistrategy.
