Key Takeaways
- • North Carolina's Department of State Treasurer appointed Ty Powers as Investment Director for Multi-Strategy Assets in a newly created role, announced March 19, 2025 by State Treasurer Brad Briner.
- • Powers brings over 25 years of investment management experience, including prior service as a portfolio manager at the state level focused on credit, real assets, and multi-strategy investments.
- • In his new position, Powers will manage the multi-strategy asset class including customized partnerships, direct investments, and co-investments, reporting to Chief Investment Officer Kevin SigRist.
- • Powers' appointment aligns with the state treasurer's strategic objective to re-align long-term investment goals and eliminate pension deficits across the $127 billion investment portfolio.
- • Powers holds a CFA designation and advanced credentials including an MBA in investment management from UNC Chapel Hill, with prior experience spanning hedge fund research, equity analysis, and private wealth management.
Summary
North Carolina's Department of State Treasurer named Ty Powers as Investment Director for Multi-Strategy Assets, a newly created position within the Investment Management Division. State Treasurer Brad Briner announced the appointment on March 19, 2025, emphasizing Powers' critical role in the state's effort to re-align long-term investment objectives and eliminate pension deficits.
Powers brings extensive credentials to the role, holding over 25 years of experience in investment management across multiple asset classes. His background includes prior service at the state level as a portfolio manager focused on credit, real assets, and multi-strategy investments. Most recently, Powers served as Director of Asset Allocation at Investors Trust Company in Chapel Hill, an investment advisory firm serving high net-worth clients. Earlier in his career, he held positions as co-portfolio manager and director of hedge fund research for an investment firm in Raleigh, senior equity analyst at a long-short equity firm in Durham, and sell-side associate equity analyst in Richmond, Virginia. He began his career in private wealth management in Baltimore and Washington, D.C.
In his new role, Powers will manage the multi-strategy asset class, overseeing customized partnerships, direct investments, and co-investments while reporting to Chief Investment Officer Kevin SigRist. The position reflects the state treasurer's strategic focus on diversifying and optimizing the state's substantial investment portfolio.
Powers earned a Bachelor of Arts degree in Economics from Washington & Lee University and an MBA with a concentration in investment management from the University of North Carolina at Chapel Hill. He holds the Chartered Financial Analyst (CFA) designation, meeting the professional standards expected for institutional investment leadership.
Powers brings extensive credentials to the role, holding over 25 years of experience in investment management across multiple asset classes. His background includes prior service at the state level as a portfolio manager focused on credit, real assets, and multi-strategy investments. Most recently, Powers served as Director of Asset Allocation at Investors Trust Company in Chapel Hill, an investment advisory firm serving high net-worth clients. Earlier in his career, he held positions as co-portfolio manager and director of hedge fund research for an investment firm in Raleigh, senior equity analyst at a long-short equity firm in Durham, and sell-side associate equity analyst in Richmond, Virginia. He began his career in private wealth management in Baltimore and Washington, D.C.
In his new role, Powers will manage the multi-strategy asset class, overseeing customized partnerships, direct investments, and co-investments while reporting to Chief Investment Officer Kevin SigRist. The position reflects the state treasurer's strategic focus on diversifying and optimizing the state's substantial investment portfolio.
Powers earned a Bachelor of Arts degree in Economics from Washington & Lee University and an MBA with a concentration in investment management from the University of North Carolina at Chapel Hill. He holds the Chartered Financial Analyst (CFA) designation, meeting the professional standards expected for institutional investment leadership.
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