Eye On Boise

TUESDAY, DEC. 16, 2008, 9:21 A.M.

When zero earnings are (relatively) good

Idaho's state endowment fund lost 4 percent in November, the state Land Board learned this morning, "which brings the fiscal year-to-date to a whopping 25," said manager Larry Johnson. The loss to the fund in November was 4.4 percent; fiscal year to date, it's 25.2 percent. "We're in very unusual times," Johnson told the Land Board. "If it's a small consolation, so far in the month of December we've earned zero. The investment managers are performing as we would expect they would."




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Eye On Boise

Short takes and breaking news from the Idaho Legislature and the state capital.