Investment Management Division Overview

The Investment Management Divison serves as the investment arm of the State Treasurer.  The Division manages two types of programs.  These programs are the Cash Management Program and the Pension Fund Program.

Cash Management Program

The Cash Management Program is primarily responsible for managing the operating funds of the State.  The main participants in this program are the State's General Fund and Highway Funds.  The primary objectives of this program are safety and liquidity.  Assets invested under this program can be utilized at any time by the State, so it is imperative that the investment strategy is conducted in a very conservative manner.  The majority of the assets of the Cash Management Program are invested through the Short-Term Investment Fund. For more information on the investment of these assets, please click on the Cash Management Program link.

Pension Fund Program

The majority of the assets managed by the Investment Management Division belong to the various pension funds administered by the State Treasurer.  For more information on the investment of these assets, please click on the Pension Fund Program link.