Taking the long view has helped South Dakota state investments grow.
The state Investment Council reported to the legislatures Executive Board this week that the return on the nineteen billion dollars held by the state declined by under one percent so farm this year. But that was more than twelve percent higher than the benchmark national returns.
State Investment Officer Matt Clark says they look for modest gains over the long term…..

Clark says it may be difficult to stay on that path…..

Clark says they make better gains when the overall market is rising and falling…..

Most of that nineteen billion dollars is held in trust for retired state and local government employees.