The N.C. State Treasurer’s office plans to manage $12.5 billion of passive investments in U.S. stocks on its own, without relying on outside financial services companies.
Blue Cross and Blue Shield of North Carolina won another contract to administer medical claims for North Carolina’s 700,000-member State Health Plan, which spends $3.2 billion annually
State Treasurer Dale Folwell he's cut $25 million in annual pension fund investment fees. Hospitals may see similar pressure.
Dale Folwell, North Carolina's new state treasurer, is pressing investment fund managers to explain their results and cut fees - in 18 minutes or less.
Dale Folwell, the newly elected N.C. State Treasurer, pledges to make his work and department as transparent as possible. Keeping the public informed is a requirement of the job, he says.