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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.

Wischmeier made $320,000 a year plus bonuses. State Treasurer Janet Cowell said he helped lead the effort to diversify and maximize returns on the state pension fund. 

Bryan Lewis, the chief administrative officer for the Investment Management Division, will serve as interim CIO while a national search is conducted.


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