Chief Investment Officer, South Dakota Investment Council
Bio
Chief Investment Officer Matt Clark heads the South Dakota Retirement System, the most well-funded state plan in the United States. Under Clark’s leadership, the $12.5 billion pension that is 100.1% funded has ranked in the top 1% in performance over the past 30 years. He has been involved with South Dakota’s pension programs for 37 years, managing or leading the launch of several internally managed investment programs including fixed income, domestic equity, merger arbitrage, convertible arbitrage, international equity, and relative valuation asset allocation. He was named deputy investment officer in 2000.
During March’s COVID-19 crash, Clark’s team followed predetermined triggers for its portfolio that was holding a 30% cash allocation, deploying hundreds of millions of dollars into index funds.