North Dakota Legacy Fund asset allocation to stay on course
North Dakota's State Investment Board voted unanimously Friday to maintain its asset allocation of the Legacy Fund, which eclipsed $1 billion in net earnings on March 31.
Callan investment consultants presented their report from a study that calculated various asset allocation and spending projections for the fund out to 2038, including oil prices, daily barrel production and spending policy.
After hearing the same report on Thursday, the Legacy and Budget Stabilization Fund Advisory Board voted to recommend the SIB maintain the Legacy Fund's asset allocation.
State Treasurer Kelly Schmidt told the Tribune Thursday she was pleased with Callan's report and recommendation to stay the course.
Read more: https://bismarcktribune.com/news/local/govt-and-politics/n-d-legacy-fund-asset-allocation-to-stay-on-course/article_aa557f49-6da1-57c6-955a-94f9ba566dca.html