The West Virginia Investment Management Board has developed the Investment Policy Statement to serve as a plan for the management of the assets entrusted to the WVIMB for investment. The WVIMB believes it is crucial that it adopt a long-term plan by which these assets will be maintained and enhanced through prudent investment. The Board of Trustees has adopted the Investment Policy Statement in order that:
- there be a clear understanding on the part of the Board of Trustees, Staff, participants, beneficiaries and all outside service providers as to the objectives, goals and restrictions with respect to investment of assets;
- assets be structured and invested in a prudent manner; and,
- there be a meaningful basis for the evaluation of asset classes, investment managers and strategies used to achieve the investment objectives.