North Carolina State Treasurer Richard Moore spoke to a group of 35 venture capitalists and senior executives of entrepreneurial companies last week about the state's new investment authority, which allows up to five percent of pension fund money to be invested in such investments as venture capital, commodities or high-risk bonds. CED and NCBIO hosted the event to give leaders in the entrepreneurial and venture communities the opportunity to hear Treasurer Moore discuss the legislation recently passed by the North Carolina General Assembly that significantly changes the State Treasurer's investment authority, as well as other key state budget issues. www.treasurer.state.nc.us
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