North Carolina Treasurer Janet Cowell said last week that the state has hired a new chief investment officer for the $77 billion North Carolina Retirement Systems.

The new CIO is Kevin SigRist, who had been deputy executive director of the Florida State Board of Administration, which makes investments for the state's $129 billion pension fund. Prior to 2006, SigRist held various positions with the Florida investment fund, including senior investment officer and chief of client services and enterprise risk management.

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