State Board Of Investment
Top Minnesota leaders declined Wednesday to shy from pension-fund investments in Israeli bonds despite persistent and passionate appeals from a group that argues the state is improperly taking sides in the Israeli-Palestinian dispute.
After a national search, Minnesota officials turned to a hometown candidate and known hand to steer the state’s $68 billion investment portfolio.
Wanted: Prudent, investment-savvy individual to manage $65 billion in state assets. Decisions scrutinized by top Minnesota leaders. Results affect pension accounts for thousands of retired public workers. A nationwide hunt is on for a successor to Howard Bicker, who is leaving his post as State Board of Investment executive director this fall. Bicker has spent more than four decades in the overlooked but important wing of state government, the last 32 years at the helm.
Count Howard Bicker among those taking careful stock of the sputtering fiscal cliff talks in Washington.