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Pension Funds

North Dakota State Investment Board reports 17% return for pension trust in 2017

North Dakota State Investment Board, Bismarck, posted a net return of 17.1% for its $5.7 billion pension trust for the year ended Dec. 31.

The return exceeded its performance benchmark by more than 1 percentage point, said David Hunter, executive director and chief investment officer of the North Dakota Retirement and Investment Office, in an email.

The state's pension trust also generated a net annualized return of 9.3% for the five years ended Dec. 31, exceeding the performance benchmark of 8.2%.

The North Dakota State Investment Board did not make any new investment fund commitments at its Feb. 23 meeting, Mr. Hunter added.