Summary
In this new era of government transparency, a veil of silence continues to hang over the West Virginia Investment Management Board.
The independent body charged with managing the state's reserves lost a reported $3 billion in the economic downturn - the greatest financial loss in the state's history.See the full content of this document
Extract
Too Much Risk Hurt State Fund
These losses stand in sharp contrast to the original legislative mandate calling for "prudent fiscal administration, investment and management for the funds," as later codified in the West Virginia Investment Manageme...
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