Changing North Carolina’s investment strategy would bring significant risks to taxpayers, public pensions

Changing North Carolina’s investment strategy would bring significant risks to taxpayers, public pensions

North Carolina Treasurer Brad Briner has expressed his intent to set up a board to invest the state’s pension assets, hinting that he would like to take these funds to more risky waters by considering more “assertive” investment strategies. While this path might generate higher investment returns, it exposes government budgets and taxpayers to additional unexpected costs if the gamble doesn’t pay off. Policymakers and taxpayers should be fully a…