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 $35.4 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.

Total hedge fund investments:

$35.4 BILLION

Deliver for pensions:

$19.8 BILLION

Deliver for colleges:

$9.9 BILLION

Deliver for nonprofits:

$5.7 BILLION

Private credit to business

$9.9 BILLION

Retirement Plans

Deliver for pensions:

$19.8 BILLION

AT LEAST 16

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

$8.5 BILLION for

1,075,731 plan participants

Reynolds American Defined Benefit Master Trust

$539 MILLION for

13,658 plan participants

Bank of America Pension Fund

$472 MILLION for

216,384 plan participants

Colleges & Universities

Deliver for colleges:

$9.9 BILLION

AT LEAST 14

colleges and universities invest in hedge funds including:
University of North Carolina System

$2.2 BILLION for

19,742 Students

Wake Forest University Endowment

$1.9 BILLION for

8,789 Students

Duke Endowment

$5.1 BILLION for

18,279 Students

Foundations & Nonprofits

Deliver for nonprofits:

$5.7 BILLION

AT LEAST 13

foundations and nonprofits invest in hedge funds including:
Novant Health

$445 MILLION

Golden LEAF Foundation

$346 MILLION

Foundation for the Carolinas

$171 MILLION

NC, State Sheet, MFA, 2022.08 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 2021 or publicly available, federal datasets. Sources for additional information included on this website are noted where the data appears.

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