On June 3, the Minnesota State Board of Investment voted unanimously to end consideration of human rights in their investment decisions.
The State Board of Investment (SBI) manages $80 billion in assets used to pay for state pensions and other trusts. In 2014, SBI saw an 18.6 percent yield, with an annualized return over the last 10 years of 8.4 percent.
SBI’s authority rests in four officers outlined by the state constitution—the attorney general (currently Lori Swanson), the secretary of state (currently Steve Simon), the state auditor (currently Rebecca Otto), and the governor (currently Mark Dayton) as chair. The officers supervise a staff headed by Executive Director Mansco Perry.