MissionMissionMontana Companies and ResourcesMontana Companies and ResourcesJobsContacts
"The State with the Best Education Wins!"
Search      
Login | Register 
Read more stories about
2009 Montana Legislature>>

MATR Sponsor:

iConnect Montana provides neutral network connectivity and data center services for telecommunications, e-commerce and Internet-based businesses at environmentally benign locations throughout Montana. Visit >>







MATR Supporters:

Blackfoot Telecommunications Group offers local businesses integrated voice, broadband, T-1, Ethernet, LAN & WAN services, Colocation services and much more. We are proud to keep you connected with 150 dedicated sales and support employees who are as close as your neighbor. Visit >>





Magnificent Montana – Finding premier ranch, timber, agricultural, renewable, energy, green and residential properties for the stewards of Montana’s lands and way of life. Visit >>

Concerns arise over ballot issue as Montana State Fund loses $26 million

Reader Comments

October 3, 2008View for printing

Montana State Fund managers learned last week that they may have lost $26 million when the stock market tanked.

At the same time, voters in the state received an informational pamphlet describing the pros and cons of Constitutional Amendment 44, a provision approved by the 2007 Legislature to allow up to 25 percent of all state trust fund assets to be invested in stocks.

"Talk about the worst time in the world to send that out," said one of the proponents, state Sen. Dave Lewis of Helena. "Markets around the world are crumbling, and we're arguing for increased investment banking."

By ERIC NEWHOUSE • Tribune Projects Editor

Full Story: http://www.greatfallstribune.com/app ... 1/810040303

Reader Comments:




Just a clarifiction: Montana State Fund did not "loose" the $26m. Those are unrealized losses, due to the goings-on in the markets. They represent about 2.6% of our total portfolio, which has been performing well. Montana State Fund doesn't control our investments. By law, the Montana Board of Investments has the control, and makes adjustments as they see fit. MSF gets a quarterly report. As I said, the BOI has done well, and as a result, MSF has been able to consistently strengthen reserves against adverse development of claims.




Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.


E-mail this page to a friend!     


Lijit Search