News

Montana Investment board reorganizing in wake of losses

The Board of Investments http://www.investmentmt.com/ is reshaping itself in the wake of investment losses and shortfalls that have been blamed for contributing to the state’s $1 billion-plus pension problem.

Carroll South, the board’s executive director, told board members Friday that increased scrutiny has become a fact of life and they need to show quick results for an increasingly demanding Legislature and public.

The board, which manages roughly $10 billion of state money, has been working with a consultant to reorganize its staff and investment strategy.

By MATT GOURAS
Associated Press

Full Story: http://www.billingsgazette.net/articles/2006/02/17/news/state/44-pension-problem.txt

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