The State Investment Board (SIB), established under NDCC § 21-10, oversees the investment of assets for approximately 30 client funds, including some of the state’s largest funds—the Legacy Fund, the Public Employees Retirement System, the Teachers’ Fund for Retirement, and Workforce Safety & Insurance.
In addition to funds identified in state statute, the SIB may provide investment management services to other state agencies, institutions, and political subdivisions. By pooling their assets, participating funds benefit from economies of scale and lower investment costs.
All funds under the SIB follow the Prudent Investor Rule, with investments managed exclusively to meet each fund’s objectives. Its activities are administered by the North Dakota Retirement and Investment Office.