West Virginia Investment Management Board’s request to invest 5% of assets in alternative investments was not approved by state lawmakers at the recently completed legislative session, said H. Craig Slaughter, executive director of the $5.4 billion system. Lawmakers reconvene in January.
Separately, trustees at their May 15 meeting hope to identify and approve a list of plaintiffs’ law firms to deal with in case of securities class-action lawsuits, Mr. Slaughter said. "We want to have relationships already established” in case of such lawsuits, he said.
