The Executive Board of the South Dakota Legislature got an update on the performance of the state Investment Council.
That board has oversight of state assets, mostly for the retirement system.

Investment Council Board Chairman, David Hillard of Rapid City says they have seen mostly good growth in the past thirty years…

Hillard says their long term performance has outperformed their benchmarks…..

Hillard says they use a “contrarian” approach to investing…..

In total, the investment council oversees over thirteen billion dollars in assets.