The primary responsibility of the Board is to monitor and evaluate the investment programs as a fiduciary with the goal of making sound investment decisions. The Board delegates responsibility through the retention of the Executive Director, staff, consultants, investment professionals, and with the advisory of various committees.
Investment Beliefs
The primary purpose of the Investment Beliefs is to guide the SBI toward sound investing principles related to investing on behalf of the Combined Funds. In this respect, the Beliefs help provide context for SBI’s actions, reflect SBI’s investment values, and acknowledge SBI’s role in supporting the State’s broader retirement systems. When relevant, the SBI also uses these Beliefs as a guide when investing the assets of the other investment programs that it manages, as deemed appropriate.
Investment Policies
Within the requirements defined by state law, the SBI, in conjunction with SBI staff and the Investment Advisory Council, establishes investment policies for all funds under its control.
Information on Resolutions adopted by the Board can be found on the Board Resolutions page.