North Dakota SIB Selects NEPC as General Consultant

The North Dakota State Investment Board (SIB) announced the selection of NEPC as its general investment consultant to replace Callan.

The new consultant will oversee the pension’s $23B investment portfolio, including its Legacy Fund, Public Employees Retirement System, and Teachers’ Fund for Retirement assets. North Dakota’s Retirement and Investment Office (RIO) Executive Director Jan Murtha said NEPC’s selection will “help establish a standardized, robust, and customized process for reviewing investment strategies” for the pension.

NEPC consults on more than 400 retainer clients, servicing $1.6T in total assets.