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North Carolina's chief investment officer resigns

North Carolina's chief investment officer Shawn Wischmeier announced his resignation Friday after the markets closed.

Wischmeier is leaving to take a similar position at the Margaret A. Cargill Philanthropies in Minnesota. He served in his role for less than two years, after replacing Patricia Gerrick who was fired amid questions about her expenses.

Cowell names new chief investment officer

State Treasurer Janet Cowell has named Shawn Wischmeier as the state's new chief investment officer for the state's $68 billion retirement system.

Wischmeier has been chief investment officer for the Indiana Public Employees' Retirement Fund since 2006 and before that was with Eli Lilly and Company's Global Treasury Group, Rob Christensen reports.

He will make $320,000 per year base salary.

He replaces Pat Gerrick who was fired last August amid questions about her travel expenses and cell phone bills.

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