Time to fill annual opening on Investment Council

The Legislature’s Executive Board will be taking applications and conducting interviews in the weeks ahead as the initial steps for appointing a new member of the South Dakota Investment Council. Legislative Research Council director Jim Fry told Executive Board members today there isn’t a partisan restriction on the seat that’s opening. He said the council’s current membership is “fairly heavy” on bankers and suggested there might be consideration to choosing an appointee from a different sector. There are some names that have been suggested but they haven’t been contacted, Fry said. Last year the board considered more than half a dozen candidates from across South Dakota. Joseph Anglin of Spearfish is the current chairman and is finishing his five-year term. The Executive Board will accept names at its May meeting and can make a decision in June, said Rep. Chuck Turbiville, R-Deadwood, the board’s chairman. The council has five members appointed by the board, one per year, and three standing members, who are the state treasurer, the state lands commissioner and the South Dakota Retirement System’s administrator. The council oversees the investment policies and decisions for state government funds, the state school lands’ permanent fund, the state trust funds and the SDRS portfolio. The council’s next chairman, assuming that precedent is followed, will be the current vice chairman, Wes Tschetter of Brookings.

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About Bob Mercer

I am a newspaper reporter in Pierre where I cover state government, issues and politics for the Aberdeen American News, the Black Hills Pioneer, the Mitchell Daily Republic, the Pierre Capital Journal, the Rapid City Journal, the Watertown Public Opinion and the Yankton Press & Dakotan. I began covering the Legislature in 1985 and have lived in Pierre since December 1986. I grew up in Wisconsin, worked my way through college, took my first full-time newspapers jobs in Wyoming, and have lived in South Dakota since the summer of 1984 when I moved to Aberdeen to join the American News. I worked for the Rapid City Journal as its state government reporter in Pierre from late 1992 through late 1998. I spent four years as press secretary and a senior aide to Gov. Bill Janklow during his fourth and final term from late 1998 through 2002. I returned to journalism in January 2003 as a self-employed reporter, providing state government coverage to the Mitchell, Watertown, Spearfish, Pierre and, depending on the year, Aberdeen newspapers. In 2008, the Aberdeen American News offered to hire me as full-time member of the AAN staff, with my reports continuing to be available to the Mitchell, Watertown, Spearfish, Pierre, Yankton and Rapid City papers. The new arrangement has been in effect since January 2009 as the seven papers continue their remarkable dedication to their readers and the general public, as the only South Dakota news outlets with a full-time reporter covering state government in Pierre throughout the year. In addition to focusing on the Legislature during the annual winter session and its various activities during the interim periods between sessions, I spend many days throughout the year -- traveling as often necessary -- to cover state government boards and commissions which oversee the state universities, technical institutes, outdoors, water, environment, business, public schools, banking, agriculture, utilities, health care and various other areas of public interest. I purposely don't register to vote because of my profession; the last time I recall voting in a presidential election was the first time, 1976, when I had just turned 18. I think I voted for Jimmy Carter over Gerald Ford. Make of that what you want, just don't make much of it.

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