BISMARCK, N.D. – The North Dakota State Investment Board (SIB) is pleased to announce the selection of NEPC LLC as its asset allocation advisor.
“NEPC will serve as a thought partner to assist the State Investment Board in managing the asset allocation process for its client funds. Their engagement will help establish a standardized, robust, and customized process for reviewing investment strategies,” said Jan Murtha, Retirement and Investment Office (RIO) Executive Director.
An investment consultant brings a disciplined, data-driven approach to managing investments, ensuring decisions are informed by both current market dynamics and long-term financial principles. This collaboration underscores the SIB's commitment to supporting its client funds in achieving their long-term financial objectives.
“This marks an exciting step forward in our mission to deliver superior investment performance for the benefit of the State Investment Board’s client funds,” said Scott M. Anderson, RIO’s Chief Investment Officer. “With NEPC’s proven expertise in asset allocation and risk management, we are confident in their ability to help us navigate the complexities of today’s markets, positioning our clients for long-term success.”
NEPC brings a seasoned team of investment consultants to the partnership, offering strategic targets informed by dynamic, research-driven insights into global capital markets.
“Asset allocation is integral to the success of any investment portfolio and remains one of the most important decisions an investor makes,” said Joseph Nankof, Partner at NEPC. “We are honored to collaborate with the State Investment Board to deliver innovative, data-driven solutions that align with its objectives and attempt to deliver optimal outcomes for its investment portfolio.”
The SIB oversees a $23 billion investment portfolio including the assets of North Dakota’s Legacy Fund, Public Employees Retirement System, and Teachers’ Fund for Retirement. Dedicated to prudent and effective investment management, the SIB administers the program with RIO coordinating its activities.
NEPC LLC is a full-service investment consultant, private wealth advisor, and OCIO provider, serving over 400 retainer clients and $1.6 trillion in total assets. Combining a proprietary investment team dedicated to the long-term challenges facing investors with its client-centric model, NEPC builds forward-looking investment portfolios for institutional investors, ultra-high-net-worth individuals and families.