BRADENTON, Fla. — North Carolina Treasurer Janet Cowell said low returns for bonds and fixed income pose a challenge to North Carolina's $80 billion pension fund and individuals investing for retirement purposes.

"Fixed income is one of the highest risk places you can have your money and that means you're not going to have the money you need for retirement if you are putting your money in bonds," Cowell said. "Alternatives look increasingly attractive given the volatility of the stock market."

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