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Retirement and Investment Office reports strong returns, outlines expansion of internal investment program
Summary
Scott Anderson, chief investment officer at the Retirement and Investment Office, told the Legacy Fund Advisory Committee the Legacy Fund and related plans outperformed policy benchmarks and described an expanding internal investment program intended to reduce fees and improve returns.
Scott Anderson, chief investment officer of the Retirement and Investment Office, reported to the Legacy Fund Advisory Committee that the Legacy Fund’s long‑term returns exceeded policy benchmarks and described an expanding internal investment program designed to lower costs and improve return per unit of risk.
Anderson told the committee that on a 10‑year basis the Legacy Fund returned 7.1 percent versus a 6.4 percent policy benchmark, and that “the actual portfolio that we implemented beat the policy benchmark by 70 basis points.” He said the office has seen especially strong market returns in 2025 and that those gains were reflected in the Legacy Fund’s results.
The committee heard a multi‑part plan for internal investing. Anderson said the office already uses a cash overlay to keep short‑term balances invested, and has begun internal indexing and enhanced indexing to…
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