February 19, 2016 | David Ranii

The News and Observer – A new investment firm whose leaders include former state budget director Lee Roberts is starting out with a $100 million commitment from a local business and is looking to raise significantly more money from investors.

Roberts, who has a background in banking and investing, stepped down as Gov. Pat McCrory’s budget director last month to become one of three managing directors at the fledgling investment firm, SharpVue Capital.

SharpVue is the creation of Raleigh-based Medical Mutual Holdings, the corporate parent of Medical Mutual Insurance Co. of North Carolina, the largest medical malpractice insurer in the state, and other insurers that offer medial malpractice coverage in more than two dozen states. As a mutual insurance company, Medical Mutual Holdings is owned by its 13,000 policyholders.

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