State treasurer taking $12.5B of money management in-house

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.

The 18-minute test: State treasurer presses investors to share data, cut costs

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.