Investment Management Division


The Investment Management Division serves as the investment arm for the Department of State Treasurer. This Division employs over 20 investment professionals that provide the expertise for state government investing.

The Investment Management Division (IMD) is responsible for the management of:
  • The Cash Management Program – responsible for managing the operating funds of the State. The main participants in this program are the State’s General Fund and Highway Funds.
  • The Pension Fund Investment Program (Pension Fund) – responsible for managing assets of the Teachers’ and State Employees’ Retirement System, the Consolidated Judicial Retirement System, the Firemen’s and Rescue Workers’ Pension Fund, the Local Governmental Employees’ Retirement System, the Legislative Retirement System, and the North Carolina National Guard Pension Fund. Collectively, these systems and funds are referred to as the North Carolina Retirement Systems (Systems) and each has a proportionate share of the Equity Fund, Fixed Income Fund, Real Estate Fund, and Alternative Fund.
  • The Ancillary Investment Programs – as authorized by the General Assembly, responsible for managing assets for the Escheats Fund, UNC and Public Hospital Funds, the Local Government Other Post-Employment Benefits Fund, and other non-Pension assets invested in the core fixed income portfolio.

Shawn Wischmeier (919) 807-3101
State Chief Investment Officer  
Jeff Smith (919) 807-3110
Investment Director, Fixed Income  
Susan Carter (919) 807-3103
Investment Director, Real Estate