NC Treasurer Janet Cowell "Investors as contributors"

"The latest campaign finance reports for the race date back to June 30, [2008]. But in a report due to the North Carolina Board of Elections on Oct. 27, the Cowell campaign will report contributions totaling nearly $1 million.

Among her contributors are Robert Eubanks, founder of Chapel Hill-based Franklin Street Partners, and his wife, Mary, who donated $4,000 each; Dennis Dougherty of Durham-based Intersouth Partners, $1,000; and Broyhill Asset Management, a Lenior-based hedge fund, $500.

Those three contributors in the past have received investments from the pension system that Cowell would manage as treasurer. The fact that companies that benefit from pension investments are able to contribute to the campaigns of candidates for treasurer is an issue that has surfaced repeatedly during the eight-year term of outgoing Treasurer Richard Moore."

http://www.bizjournals.com/triangle/stories/2008/10/27/story7.html?page=all
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Broyhill Janet Cowell Contributions;

2008....09/22/2008....BROYHILL, PAUL H....BROYHILL INVESTMENTS
2008....09/13/2008....BROYHILL, HUNTON....BROYHILL INVESTMENTS
2008....06/09/2008....BROYHILL, HUNTON....BROYHILL INVESTMENTS
2008....03/24/2008....BROYHILL, HUNTON....BROYHILL INVESTMENTS
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Broyhill business with North Carolina's State Treasurer;

Hedged Strategy Advisors and Funds

Broyhill Fund $8,912,523

http://www.nctreasurer.com/inside-the-department/Reports/AnnualReport-FY11.pdf
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"Potential Pay to Play By Treasurer Janet Cowell & Erskine Bowles"

"The State Employees Association of North Carolina today announced the filing of a complaint with the Securities and Exchange Commission’s Office of the Whistleblower for possible breaches of the SEC’s “pay-to-play” rule involving State Treasurer Janet Cowell, former White House Chief of Staff Erskine Bowles and his wife, JP Morgan Board of Directors member Crandall Bowles.

“This is the type of abuse we were afraid we would find when we investigated the fees associated with our retirement system,” said SEANC Executive Director Dana Cope...

In the complaint, SEANC alleges that Erskine and Crandall Bowles violated the pay-to-play rule when Cowell worked with Bowles and his firm, Carousel Capital, on investments through the N.C. Innovation Fund after Bowles hosted a fundraiser for her at his home.
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Contributions to Janet Cowell from Carousel Capital;

2012....11/15/2011....GRIGG, CHARLES S....CAROUSEL CAPITAL
2012....11/10/2011....SCHWAB III, NELSON....CAROUSEL CAPITAL
2012....11/15/2011....SCHMIDLY, JASON C....CAROUSEL CAPITAL
2012....11/15/2011....HOBBS II, WILLIAM T....CAROUSEL CAPITAL
2008....06/25/2008....SCHWAB III, NELSON....CAROUSEL CAPITAL
2008....06/27/2008....SCHMIDLY, JASON C....CAROUSEL CAPITAL
2008....09/04/2008....BAILEY, BRIAN D....CAROUSEL CAPITAL
2008....06/27/2008....GRIGG, CHARLES....CAROUSEL CAPITAL
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Cowell announced the creation of the fund in March 2010 in a press release with Bowles, who founded Carousel Capital and is listed as a senior advisor on its website, praising the idea.

Bowles’ son, Sam, was vice president of Carousel Capital at the time. Then in 2011, three months after the SEC’s rule took effect, Bowles and his wife Crandall hosted the fundraiser for Cowell. A few weeks after the fundraiser, Carousel Capital was selected by Cowell to help invest an undisclosed portion of the $230 million N.C. Innovation Fund, all of which came from the state retirement system.

The firm already managed other investments for the pension system as well.

The SEC’s rule clearly prohibits financial professionals or firms that manage state money from “coordinating or soliciting any person [to] make any contribution to an official or a government entity to which the adviser is providing or seeking to provide investment advisory services.” It also includes a “look back” period prohibiting contributions two years prior to any state investments and bars such professionals or firms from funneling payments through third parties to circumvent the rule.

SEANC filed a similar SEC complaint in April regarding possible violations of state and federal law surrounding investments made with the $90 billion Teachers and State Employees Retirement System."

http://www.seanc.org/news/seanc-in-the-news/seanc-files-sec-whistleblower-complaint-over-potential-pay-to-play-by-treasurer-janet-cowell-and-erskine-bowles/
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A Reception Honoring North Carolina Treasurer Janet Cowell

"Hosts Mary Lou and Jim Babb, Steve Cordell, Sarah and Tony Lathrop, Kathryn and Jay Rivers, and John Wester cordially invite you to a reception honoring North Carolina Treasurer Janet Cowell.

Please contact Hannah Davis

Tuesday, October 9th
6:00 p.m.

Hosted by Mr. and Mrs. Peter A. Pappas

https://secure.actblue.com/contribute/page/pappas10-9
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Pappas contribution;

2012...05/18/2011....WORTHY, FORD S....INVESTMENTS....A M PAPPAS & ASSOCIATES LLC"
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http://www.ncbioscience.org/news_and_events/newsletters/feb09/ncbio_feb09.htm

Norris Tolson, Janet Cowell, Sam Taylor and Art Pappas

"Cowell told members that she welcomed their input and thoughts on the State’s private equity portfolio, noting there are limits on what North Carolina can do as far as investments. She said she plans to work with the 2009 General Assembly on how to expand North Carolina’s investments in private equity. Cowell also said she has plans for outreach efforts designed to increase investments in North Carolina -- particularly by large out-of-state funds."

http://www.ncbioscience.org/news_and_events/newsletters/feb09/ncbio_feb09.htm
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Pappas Life Science Ventures III....Market Value....$11,865,541

Pappas Life Science Ventures II....Market Value....$926,729 

Pappas Life Science Ventures IV....Market Value....$6,807,357 

http://www.nctreasurer.com/inside-the-department/Reports/AnnualReport-FY11.pdf
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BlackRock Contributors;

2012....10/30/2012....RUSSELL, SALLIE SHUPING....BLACKROCK
2012...05/17/2011....MCDONALD, EUGENE J....BLACKROCK
2010....06/28/2010....MCDONALD, EUGENE J....BLACKROCK
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BlackRock business with North Carolina's State Treasurer;

BlackRock - Cars....Market Value....$29,379,317

BlackRock MSCI ACWI....Market Value....$3,875,210,423

BlackRock Emerging Markets....Market Value....$408,570,445

BlackRock Frontier Markets....Market Value....$178,960,322

BlackRock ACWI ex-U.S. IMI....Market Value....$612,378,958

BlackRock MSCI Canada Index....Market Value....$490,390,819

BlackRock EAFE IMI Index Fund....Market Value....$326,062,677

http://www.nctreasurer.com/inside-the-department/Reports/AnnualReport-FY11.pdf
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Castle Harlan business with North Carolina's State Treasurer;

Private Equity Investment Advisors (FY ending 2011)

Castle Harlan Partners IV 13,457,389
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Castle Harlan Contributors;

2008....09/18/2008....WENDER, JUSTIN B....CASTLE HARLAN INC

2008....09/18/2008....PITTAWAY, DAVID B....CASTLE HARLAN INC

2008....09/18/2008.... WEISS, HOWARD....CASTLE HARLAN INC
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Franklin Street Partners business with North Carolina's State Treasurer;

Hedged Strategy Advisors and Funds

Franklin Street Partners $357,092,227

Franklin Street Partners Contributors;

2010....07/20/2010....EUBANKS JR, ROBERT C....FRANKLIN STREET PARTNERS
2010....07/16/2010....THOMPSON, WILLIAM B....FRANKLIN STREET PARTNERS
2010....07/20/2010....RIZZO, PAUL J....FRANKLIN STREET PARTNERS
2010....07/20/2010....NEWELL, W ROBERT....FRANKLIN STREET PARTNERS
2010....07/20/2010....HUDSON JR, THOMAS....FRANKLIN STREET PARTNERS
2010....07/16/2010....TEANEY, REX....FRANKLIN STREET PARTNERS
2010....07/09/2010....RIZZO, PAUL J....FRANKLIN STREET PARTNERS
2010....07/15/2009....TEANEY II, REX....FRANKLIN STREET PARTNERS
2008....06/19/2008....EUBANKS JR, ROBERT C.....FRANKLIN STREET PARTNERS
2008....02/25/2008....EUBANKS JR, ROBERT C.....FRANKLIN STREET PARTNERS
2008....04/01/2008....OHARA JR, JOHN C.....FRANKLIN STREET PARTNERS
2008....06/14/2008....OHARA JR, JOHN C.....FRANKLIN STREET PARTNERS
2008....08/25/2008....MORTON, PATRICIA R.....FRANKLIN STREET PARTNERS
2008....09/13/2008....OHARA JR, JOHN C.....FRANKLIN STREET PARTNERS
2008....06/27/2008....KADERABEK, SUE....FRANKLIN STREET PARTNERS
2008....04/16/2008....KADERABEK, SUE....FRANKLIN STREET PARTNERS
2008....04/18/2008....MORTON, PATRICIA R....FRANKLIN STREET PARTNERS
2008....10/10/2007....OHARA JR, JOHN C....FRANKLIN STREET PARTNERS
2008....11/23/2007....MORTON, PATRICIA R....FRANKLIN STREET PARTNERS
2008....09/25/2007....EUBANKS JR, ROBERT C....FRANKLIN STREET PARTNERS
2008....12/21/2007....KADERABEK, SUE.... FRANKLIN STREET PARTNERS
2008....07/01/2008....TEANEY II, REX....FRANKLIN STREET PARTNERS
2008....11/29/2007....THOMPSON, WILLIAM B....FRANKLIN STREET PARTNERS
2008....03/26/2008....THOMPSON JR, WILLIAM B....FRANKLIN STREET PARTNERS
2008....04/02/2008....TEANEY II, REX...FRANKLIN STREET PARTNERS

http://www.nctreasurer.com/inside-the-department/Reports/AnnualReport-FY11.pdf
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Hatteras Venture Partners business with North Carolina's State Treasurer;

Hatteras Venture Partners III....$7,878,087

Hatteras Venture Partners Contributors;

2008...06/03/2008...PERKINS, DAVID BRIEN...HATTERAS
2008...06/30/2008...PARROTT, JOSH...HATTERAS
2008...07/10/2008...PARROTT, JOSH...HATTERAS
2008...12/04/2007...PERKINS, DAVID BRIEN...HATTERAS INVESTMENT PARTNERS LLC
2008...06/30/2008...LEE, KENNETH B...HATTERAS VENTURE PARTNERS LLC
2008...04/03/2008...LEE, KENNETH B...HATTERAS VENTURE PARTNERS LLC
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Piedmont Investment Advisors business with North Carolina's State Treasurer;

Piedmont Strategic Core Large-Cap Active $634,979,315

http://www.morganstanley.com/wealth/investmentsolutions/pdfs/uma/pie-1.pdf
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Piedmont Investment Advisors and Morgan Stanley Contributors;

2012...05/02/2012...MONDS, KEVIN...PIEDMONT INVESTMENT ADV
2012...05/04/2012...MONDS, KEVIN...PIEDMONT INVESTMENT ADV
2012...05/06/2012...GREEN, ISAAC H...PIEDMONT INVESTMENT ADVISORS
2012...04/16/2012...PARKER, CLARISSA... PIEDMONT INVESTMENT ADVISORS
2008...06/30/2008...GREEN, ISAAC H...PIEDMONT INVESTMENT ADVISORS
2008...07/02/2008...PARKER, CLARISSA...PIEDMONT INVESTMENT ADVISORS
2012...05/06/2012...SANYAL, SUMALI...PIEDMONT INVESTMENT ADVISORS LLC
2008...09/23/2008...ABDUL-ALEEM, ZAID I...PIEDMONT INVESTMENT ADVISORS LLC
2008...06/20/2008...SANYAL, SUMALI...PIEDMONT INVESTMENT ADVISORS LLC
2008...10/16/2008...PAIGE, DAWN ALSTON...PIEDMONT INVESTMENT ADVISORS LLC
2008...10/15/2008...CURRY, CHARLES L...PIEDMONT INVESTMENT ADVISORS LLC
2012...12/01/2011...SATHER, MARTIN...MORGAN STANLEY
2008...09/26/2008...MORAN, DAVID...MORGAN STANLEY
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Sterling Capital Management business with North Carolina's State Treasurer;

The Short-Term Investment Fund (“STIF”) comprises 99.35 percent of the Cash Management Program. The Bond Proceeds Fund, managed by Sterling Capital, accounts for 0.65 percent of the Program.

Sterling Small-Cap Value Small-Cap Active $201,132,522

https://www.sterling-capital.com/equities/small_to_mid_cap_value_equity?team=true

Sterling Capital Management Contributors;

2012...06/17/2011...MCALISTER, ALEXANDER W...STERLING CAPITAL MANAGEMENT
2008...06/18/2008...MCALISTER, ALEXANDER W...STERLING CAPITAL MANAGEMENT
2008...02/29/2008...MCALISTER, ALEXANDER W...STERLING CAPITAL MANAGEMENT

http://www.sterling-capital.com/about/bio.php?cat=Senior%20Management%20Team&pid=47

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Wachovia/Wells Fargo business with North Carolina's State Treasurer;

STIF Summary of Brokers Utilized During Fiscal Year 2010 – 2011

Brokers are used to execute buy and sell orders on behalf of the fund...

...brokers used to facilitate trades of securities during the fiscal year ending June 30, 2011

Wells Fargo securities

Raleigh, Wachovia Bank, NA $14,741,184.30

Wachovia repo 0.050% $350,000,000
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Wachovia/Wells Fargo Contributors;

2008...08/11/2008...HAMRICK III, L WATTS...WACHOVIA CAPITAL PARTNERS
2008...12/19/2007...BAIN, DAVID...WACHOVIA SECURITIES
2008...07/17/2008...SCHEMMEL, STEPHEN J...WACHOVIA SECURITIES
2008...04/10/2008...SCHEMMEL, STEPHEN J...WACHOVIA SECURITIES
2008...10/26/2007...MASON, RICHARD...WACHOVIA SECURITIES
2008...02/01/2008...FREED, JEFFREY...WACHOVIA SECURITIES
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North Carolina State 401(k) plan; Galliard is owned by Wells Fargo

http://hartzman.blogspot.com/2014/10/north-carolina-state-401k-plan-galliard.html

https://www.nctreasurer.com/ret/401k%20Plan%20Features/StableValue401k.pdf
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A Few Observations on Share Classes and Wells Fargo Stable Return Fund

http://hartzman.blogspot.com/2014/06/a-couple-of-observations-on-share.html
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Fund information
Fund sponsor and manager: Wells Fargo Bank, N.A.
Advisor: Galliard Capital Management

http://www.wellsfargoadvantagefunds.com/pdf/collective/FactSheet_StableReturnFund_N.pdf
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From; NC District 59 Representative Jon Hardister To; NC Treasurer's Office "pertaining to 401(k) and 457 plans"

http://hartzman.blogspot.com/2014/10/from-nc-district-59-representative-jon.html