Unified Investments
The Unified Investment Program was established by the legislature to create a single agency vested with the authority to invest and manage state funds in accordance with state law and the Montana constitution. The Unified Investment Program has grown from a book value of $321 million at year-end 1972 to a book value of $11.86 billion at year-end 2009, an annual average increase of 10.2 percent. During the same period, the number of accounts invested by the Board increased from 40 accounts to 487 accounts. By state law, the Board is required to administer the Unified Investment Program in accordance with the "prudent expert principle", defined as: 1) discharging its duties with the care, skill, prudence, and diligence that a prudent person acting in a like capacity with the same resources and familiar with like matters exercises in the conduct of an enterprise of like character and like aims; 2) diversifying the holdings of each fund to minimize the risk of loss and maximize the rate of return; 3) discharging it duties solely in the interest of and for the benefit of the funds managed.
Montana Board of Investments "Proxy Guidelines - Equities" in PDF Format.
Investment Policy Statements
Quarterly Performance Reports
MBOI Investment Performance Analysis - Quarter ended September 30, 2009 MBOI Investment Performance Analysis - Quarter ended June 30, 2009 MBOI Investment Performance Analysis - Quarter ended March 31, 2009 MBOI Investment Performance Analysis - Quarter ended December 31, 2008 MBOI Investment Performance Analysis - Quarter ended September 30, 2008 MBOI Investment Performance Analysis - Quarter ended June 30, 2008 MBOI Investment Performance Analysis - Quarter ended March 31, 2008 MBOI Investment Performance Analysis - Quarter ended December 31, 2007 MBOI Investment Performance Analysis - Quarter ended September 30, 2007 MBOI Investment Performance Analysis - Quarter ended June 30, 2007 |
Prior Month Portfolios
