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Brad Briner
REPUBLICAN
Brad Briner is running for North Carolina Treasurer, Republican Primary.
Personal background
Brad was born in Dallas, Texas. He got a bachelor's degree in economics. He is married and has four children. He went to Harvard for his master's in business administration.
Professional background
Brad is a board member at Boston Omaha Corporation, a member of board of trustees at Phillips Exeter Academy and University of North Carolina at Chapel Hill.
Political background
Brad Briner campaign for treasurer is his first entry into politics.
Consumer Protection
As of January 31, 2024, Brad Briner’s website did not contain information on this issue.
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Retirement
Said "The single most important task for the winner in November will be to remedy the chronic underperformance of the Retirement System... NCRS has averaged a 6.2% annual return over the past 20 years. Similar sized, but better managed, plans in other states (Florida, Texas, Virginia, and Wisconsin, to name a few) have averaged annual returns of 7.6%."
Said "The central reason for underperforming the target is an irrational love for risk-free fixed income investments. NCRS owns far more US Treasury bonds and bills than any of its peers."
Wants to change the investment strategy through "asset allocation better matched to pension obligations, reducing the risk of underperformance and increasing return", adding " Improving performance also means maximizing net risk-adjusted returns on each asset class in which NCRS invests."
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Financial Management
Supports an investment strategy that incorporates more higher-risk, long-term investments, without taking on additional short-term risk.
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