State Board of Investment selects Jill Schurtz as next Executive Director and Chief Investment Officer.
The Minnesota State Board of Investment voted on August 24, 2022, to select Jill Schurtz to serve as the Executive Director and Chief Investment Officer, to succeed Mansco Perry III, who is retiring in October. Ms. Schurtz has served as the CIO and Executive Director of the St. Paul Teachers Retirement Fund Association since 2014. The SBI, which oversees over $120 billion in state pension and other funds, consists of Governor Tim Walz, State Auditor Julie Blaha, Secretary of State Steve Simon, and Attorney General Keith Ellison. Read more...
State Board of Investment reports -6.4% investment return for the Combined Funds for the Fiscal Year ending June 30, 2022.
The Combined Funds represent the assets for both the active and retired public employees in the statewide retirement systems, the biggest of which are the Public Employees Retirement Association (PERA), the Teachers Retirement Association (TRA), and the Minnesota State Retirement System (MSRS). The SBI commingles the assets of these plans into the Combined Funds. Read more...
Perry begins final lap at the Minnesota state agency that actually makes money (Star Tribune)
"Mansco Perry, a veteran of the Twin Cities financial scene, has led the State Board of Investment since 2013 and seen its assets nearly double in that time to $130 billion."
"Mansco Perry, who is nearing retirement after leading the Minnesota State Board of Investment (SBI) for nearly a decade, jokes that he has a vested interest in having a successor who is more skillful than him..." Read more...See previous Minnesota News articles