CHARLESTON — It’s been a tough year for the West Virginia Investment Management Board.
The board manages $10 billion in retirement, workers’ compensation, black lung and tuition funds.
Executive Director Craig Slaughter said the board finished the fiscal year that ended June 30 with a $643 million loss.
Still, that 6.5 percent loss beat the market. Slaughter said the S&P 500 index was down 13.1 percent and the Russell 3000 index was down 12.7 percent.
Slaughter said the board’s investments also are still above the 7.5 percent rate it expects to earn over the long term.