North Carolina

Hedge Funds Deliver for North Carolina Retirees, Students, and Nonprofits

Across the Tar Heel State, hedge funds deliver for retirement security, college education, and the important work done by non-profits and charities through $31.0 Billion in investments. Institutional investors – like pensions, university endowments, and non-profits – use hedge funds to meet financial obligations, diversify their investment portfolios, and manage risk.

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Total hedge fund investments:

$31.0 BILLION

Deliver for pensions:

$9.2 BILLION

Deliver for colleges:

$9.3 BILLION

Deliver for nonprofits:

$12.5 BILLION

Private credit to business

$1.2 BILLION

Retirement Plans

Deliver for pensions:

$9.2 BILLION

AT LEAST 20

retirement plans invest in hedge funds including:
North Carolina Department of State Treasurer

$2.4 BILLION for

1,075,731 plan participants

Bank of America Pension Fund

$486 MILLION for

293,723 plan participants

Retirement Plans of Duke University

$445 MILLION for

4,190 employees

Colleges & Universities

Deliver for colleges:

$9.3 BILLION

AT LEAST 15

colleges and universities invest in hedge funds including:
Duke University Endowment

$4.2 BILLION for

16,539 Students

University of North Carolina System

$2.3 BILLION for

250,000 Students

Wake Forest University Endowment

$1.9 BILLION for

8,963 Students

Foundations & Nonprofits

Deliver for nonprofits:

$12.5 BILLION

AT LEAST 16

foundations and nonprofits invest in hedge funds including:
Gothic Corporation

$485 MILLION

Novant Health

$288 MILLION

Golden LEAF Foundation

$255 MILLION

NC-State-Sheet-MFA-2024.03.27 document preview

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Unless otherwise noted, all hedge fund investment data is sourced and licensed from Preqin's alternative asset database as of March 2023 or publicly available, federal datasets. Sources for additional information included on this website are noted where the data appears.

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