News

RIO has earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association for its Annual Comprehensive Financial Report for the fiscal year ending June 30, 2024. This marks the 27th consecutive year the agency has received the award.

RIO announced today that its 2025 Investment Seminar will be held Oct. 23 in Bismarck. The event offers policymakers, investment professionals, and the public with an inside view of how the agency, under the oversight of the SIB, manages investments to meet client expectations.

The State Investment Board has selected Funston Advisory Services LLC to conduct the first-ever comprehensive assessment of its governance model, the framework that defines how the board operates, makes decisions, and oversees the Retirement and Investment Office (RIO) to ensure accountability and resilience.

Northern Trust today announced an expansion of its long-standing relationship with the Retirement and Investment Office to include outsourced trading services, supporting the agency’s strategy to bring more of its State Investment Board's asset management in-house.

The State Investment Board has expanded the Legacy Fund’s in-state investment program by adding GCM Grosvenor, a global alternative asset management solutions provider, to manage real assets investments and increasing its commitment to 50 South Capital, the manager of the program’s private equity and venture capital investments.

The State Investment Board has appointed Jodi A. Smith as the permanent executive director of the North Dakota Retirement and Investment Office. The decision was made during a special SIB meeting on June 3, 2025.

The Retirement and Investment Office in partnership with Sagitec, a leader in pension administration software solutions, successfully launched a modernized Pension Administration System for the Teachers' Fund for Retirement. This marks a significant milestone in a pension modernization project, which sought to enhance platform efficiency, security, and service for the fund's more than 25,000 active, inactive, and retired members.

At a special meeting today, the State Investment Board elected Gov. Kelly Armstrong as its chair, reaffirming the Board’s commitment to strong leadership.

The North Dakota State Investment Board is pleased to announce the selection of NEPC LLC as its asset allocation advisor.

The North Dakota Teachers’ Fund for Retirement has been honored with the 2024 Public Pension Standards Award for Funding and Administration by the Public Pension Coordinating Council. The award is the benchmark for excellence in public defined benefit plans, evaluating standards of management, administration, and funding.