News

North Dakota’s State Investment Board is pleased to announce the selection of Verus Advisory Inc. to provide comprehensive investment performance measurement and consulting services.  

RIO reported today that the Legacy Fund, the state’s sovereign wealth fund, has topped $10 billion.

At its May meeting, the SIB approved the Investment Policy Statements of three new clients - the Water Projects Stabilization Fund, the Opioid Settlement Fund, and the State Historical Society of North Dakota Endowment Funds.

RIO says more than $395 million in Legacy Fund assets are committed to or invested in North Dakota as of Dec. 31, 2023, highlighting the substantial progress the state’s in-state investment program has made in less than three years.

RIO Executive Director Jan Murtha issued a statement in response to a North Dakota News Cooperative story by Michael Standaert and the accompanying poll conducted by WPA Intelligence regarding North Dakota’s Legacy Fund.

The TFFR pension program has earned the 2023 Public Pension Standards Awards for Plan Funding and for Plan Administration from the Public Pension Coordinating Council.

RIO has been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada.

The ND Retirement and Investment Office (RIO), on behalf of the Teachers’ Fund for Retirement, will hold a public hearing on Oct. 27, 2023, at 9:00 a.m., CT, at NDRIO located at 1600 E. Century Avenue, Suite 3, Bismarck, ND 58507, to amend, create and repeal existing administrative code.

Gov. Doug Burgum has appointed Scott Evanoff of Minot to the Teachers’ Fund for Retirement (TFFR) board of trustees. The seven-member board is responsible for administration of TFFR’s pension program.

Gov. Doug Burgum has appointed Peter Jahner of Bismarck and Prodosh Simlai of Grand Forks as institutional investment representatives on the North Dakota State Investment Board.