With the merger of the Board of Investments and the West Virginia Trust Fund, Inc. in 1997, the West Virginia Investment Management Board was created and the basic modernization process was complete. All of the improvements made in the Board of Investments and the West Virginia Trust Fund were incorporated into the new entity. The modernization of the investment management structure has worked well. Two other states passed constitutional referendums to allow stock investment the year before West Virginia accomplished the goal. Both are lagging behind West Virginia in implementation.
Fiduciary responsibility demands professionalism.
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