Portable Pensions

North Dakota has one of the most successful pension plans in the U.S. -- thanks partly to portable alpha.

When Steve Cochrane left behind sunny Orlando, Florida, in 1997 for a position as executive director of North Dakota’s State Investment Board Pension Trust, he thought the move would be temporary. He was wrong. A decade later Cochrane is happily ensconced in North Dakota and has no plans of leaving anytime soon.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.