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.