BOI Board Room

Unified Investments

The Unified Investment Program was established by the legislature to create a single agency vested with the authority to invest and manage state funds in accordance with state law and the Montana Constitution.  The Unified Investment Program has grown from a book value of $321 million at year-end 1972 to a book value of $18.6 billion at year-end 2018.  During the same period, the number of accounts invested by the Board increased from 40 accounts to 484 accounts.

By state law 17-6-201, MCA, the Board is required to administer the Unified Investment Program in accordance with the "prudent expert principle," defined as:

  • discharging its duties with the care, skill, prudence, and diligence that a prudent person acting in a like capacity with the same resources and familiar with like matters exercises in the conduct of an enterprise of like character and like aims;
  • diversifying the holdings of each fund to minimize the risk of loss and maximize the rate of return; and
  • discharging its duties solely in the interest of and for the benefit of the funds managed.

2401 COLONIAL DR, 3RD FLOOR | PO BOX 200126 | HELENA, MT 59620-0126 | P: 406.444.0001 | F: 406.449.6579 | TDD: 406.841.2702

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