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Treasurer Cowell Announces Investment Fee Reductions
RALEIGH, N.C., June 17 -- The North Carolina State Treasurer issued the following news release:
State Treasurer Janet Cowell announced today that the Department of State Treasurer has been successful in negotiating investment manager fee reductions resulting in an annual cost savings of over $2.4 million for North Carolina's pension fund.
A recent fiduciary review of the Investment Management Division conducted by EnnisKnupp found that the majority of the fund's outside investment managers
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