PIERRE, S.D. (WNAX-AM) — A sliding stock market is a problem and an opportunity for the South Dakota State Retirement System.
State Investment Officer Matt Clark says the overall market hasn’t dropped enough for them to become aggressive buyers yet:
Clark appeared before the Government Operations and Audit Committee last week and said they are showing a modest gain so far this year:
Clark says he is concerned that this year might be one of limiting the losses:
The state retirement system has over fourteen billion dollars in managed assets.