The Minnesota State Board of Investment meeting scheduled for Thursday morning was recessed because there was not a quorum of board members, confirmed Mansco Perry III, executive director and chief investment officer of the St. Paul-based investment board.
Mr. Perry said conducting the meeting via conference call Thursday was not possible due to the volatile situation in the Twin Cities in the aftermath of the death of George Floyd, an African-American man who died Monday while under restraint by Minneapolis police officers.
Members of the investment board are Gov. Tim Walz, state Auditor Julie Blaha, Secretary of State Steve Simon and Attorney General Keith Ellison.
The board meeting has been rescheduled for Friday at 5 p.m. or at the call of the governor, who chairs the board, Mr. Perry said.
The governor's office did not immediately respond to a request for information about his absence on the conference call Thursday morning and whether the SBI meeting will go forward Friday evening.
The SBI managed a total of $91.5 billion as of March 31, of which $65.2 billion was managed for the state's public defined benefit plans, $7.1 billion was in participant-directed retirement plans and $19.2 billion was managed in other state funds.