In the latest episode of the Dakota Live! Podcast, host Robert Morier sits down with Scott Anderson, Chief Investment Officer for the North Dakota Retirement & Investment Office (RIO), which coordinates the activities of the State Investment Board and the Teachers’ Fund for Retirement.
Join us as we delve deep into the intricacies of investment management and asset allocation, and Scott's strategic approach at the helm of one of the nation’s significant investment offices.
Scott discusses the unique challenges and opportunities in managing a diverse portfolio that includes public and private markets, detailing his philosophy on long-term investments and how they adapt to market changes.
This episode offers invaluable insights into effective asset allocation, the impact of technological advancements in investment strategies, and Scott's proactive approach to team building and leadership.
Episode Highlights:
• Comprehensive Investment Strategy: Scott shares his transition from technology to investment, highlighting his role in managing $21 billion in assets, including pension funds and a sovereign wealth fund. His approach combines rigorous analytics with a strategic vision, focusing on internal direct investments to enhance control and reduce dependency on external managers.
• Innovative Internal Programs: The discussion unveils the launch of internal direct investment programs aimed at improving investment returns and operational efficiencies. Scott emphasizes the shift towards internal management of funds, which supports more strategic asset allocation and risk management.
• .Adaptability in Asset Allocation: Scott explains how North Dakota’s investment strategies are adapted to market conditions to optimize the portfolio performance over the long term. He shares insights into how diverse allocations help mitigate risks and capitalize on opportunities across different market cycles.
• Technological Integration: The episode covers the integration of advanced technologies, including machine learning and AI, to streamline operations and improve decision-making processes within the investment office.
• Future Goals and Strategies: Looking forward, Scott discusses ambitious plans to expand the state’s investment capabilities, including enhancing the state's cash management strategies and further developing internal management capacities.
Whether you're a professional in the investment community or interested in the nuances of public sector investment management, this episode provides essential knowledge and strategies to enhance your understanding of institutional investment frameworks.
Scott Anderson: / scott-anderson-cfa-979...
Robert Morier: / robertlmorier
Tim Dolan: / tim-dolan-35560732
Our Website:
dakota.com
North Dakota Retirement and Investment Office:
www.rio.nd.gov/
🎙️ Listen to the Podcast:
Spotify:
open.spotify.com/show/3NUXRMz...
Apple Podcast:
podcasts.apple.com/us/podcast...
0:00 Intro
1:57 Scott Anderson Intro
3:04 North Dakota overview
4:47 Engineering degree
8:33 Intersection of roles
18:23 Setting priorities
24:08 Investment team
27:36 Relationship with consultants
30:35 Underwriting
33:26 Approaching the team
36:54 Evolution of private equity
41:17 Emerging managers
44:09 Hedge strategies
46:29 Goals
57:37 Guiding principles
57:37 Mentors
1:01:12 Outro