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Message: <blockquote data-quote="Allen" data-source="post: 335457" data-attributes="member: 389"><p>I guess I don't necessarily view this from a simple ND first kind of deal.  The Legacy fund, first and foremost, is supposed to bring a financial reward back to the residents of ND, if it can be done with in-state companies and projects, that's great.  But given how recessions and other poor economic conditions are often geographically defined, investing all of the $8 billion into ND would probably be riskier than any of us would do with our own retirement plans.  </p><p></p><p>That being said, since the State Investment Board tends to favor pretty conservative returns on its investments, I am not sure we don't have the expertise in State to largely manage it, all while dedicating a fair amount (20-50%) to ND based companies and projects. </p><p></p><p>Nonetheless, I am not very excited about it investing in anything Chinese.</p></blockquote><p></p>

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