A shift takes shape against state investment officer

Lawmakers approve pay and bonus package for investment manager, despite concerns about returns

State Investment Officer Matt Clark, left, and Steve Pietila of the South Dakota Investment Council speak to the South Dakota Legislature's Joint Committee on Appropriations on Jan. 15, 2026, at the Capitol in Pierre. (Photo by Meghan O'Brien/South Dakota Searchlight) https://southdakotasearchlight.com/wp-content/uploads/2026/04/041426-Investment-Officer-Salary.wav Listen to an audio version of this story by reporter Meghan O’Brien. For broadcas…

A shift takes shape against state investment officer

PIERRE, S.D. (KELO) -- Three of the 15 members of the Legislature's Executive Board on Tuesday voted against approving the salary package for South Dakota investment officer Matt Clark. It was the first time in recent history that a board member voted against the package. The South Dakota Investment Council had recommended the package, which [...]