PIERRE, S.D.(WNAX)- The South Dakota State Retirement System Board got an update on their investment status at their meeting last week.

State Investment Officer Matt Clark said they are now seeing a modest increase in the current fiscal year.

Clark says the first six months of the year showed them with a slight loss.

Clark says he doesn’t see much of a turnaround anytime soon.

Clark was asked about state funds investing in cryptocurrencies.

The retirement system oversees about fifteen billion dollars in investments for state and local government retirees.