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Endowment Fund Investment Board seeks pay increases for two senior staff; governor declines full request
Summary
The Endowment Fund Investment Board asked JFAC to approve compensation increases aimed at retaining two senior investment staff; board chair and staff described market-driven pay gaps while the governor's recommendation did not include the requested salary increases.
The Endowment Fund Investment Board asked the Joint Finance-Appropriations Committee on Oct. 24 to consider compensation adjustments intended to retain two senior investment staff, but the governor's budget recommendation did not include the proposed pay increases.
The request focuses on raising pay for two long-tenured investment staffers. "The largest increase of it would go to Mr. Anton," Board Chair Thomas Wilford told the committee, and the board highlighted what it described as substantial underpayment for the deputy investment role. Manager of Investments Chris Anton said the deputy, Chris Halverson, "is way below market" for comparable deputy chief investment officer roles and noted the office now manages roughly $5 billion in combined assets.
The Endowment Fund Investment Board, established in Idaho code and responsible for managing state land grant endowments and other statutorily…
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