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Consistent with NDCC § 21-10-02.1, the State Investment Board (SIB) follows a disciplined, policy-driven investment framework that defines responsibilities, sets return and risk objectives, establishes long-range asset allocation targets, and provides oversight through clear performance and reporting standards approved by both fund governing bodies and the SIB.
Key elements:
- Setting asset allocation targets
- Establishing performance benchmarks
- Selecting and monitoring managers
- Identifying new investment opportunities
The SIB follows a three-phase investment process:
- Policy development
- Implementation and monitoring
- Evaluation