North Dakota State Investment Board , Bismarck, will add $40 million...

North Dakota State Investment Board, Bismarck, will add $40 million to a timberland portfolio managed by Evergreen, currently at $54 million. Funding will come from reducing the $3.2 billion system’s active domestic fixed-income allocation as part of a rebalancing, said Steve Cochrane, CIO. The system has a total of $375 million in active domestic fixed income run by TCW Group, Strong Capital Management, Western Asset and WestAM, he said.