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The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Eye On Boise

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."

Eye On Boise

News, happenings and more from the Idaho Legislature and the state capital.