North Dakota’s chief investment officer said funds managed by the state Investment Board have done very well in fiscal 2017.
That includes state retirement funds, as well as the Legacy Fund and the budget stabilization fund.
"Actually, for the 10 months ending April 30th, they've earned over a billion dollars," said CIO Dave Hunter. "State Investment Board assets are close to $12 billion. A big chunk of that -- $1 billion -- is investment earnings since July 1, 2016."