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Legacy Fund investments take new course

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BISMARCK -- The Legacy Fund, a constitutionally created fund that can't be tapped until 2017, may see a larger return on its investments.

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The 11-member State Investment Board unanimously approved an 18-month transition plan Friday to move the Legacy Fund's investments from short-term bonds to a more diversified, higher-risk portfolio of stocks, bonds and real estate.

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Mike Nowatzki
Mike Nowatzki reports for Forum News Service. He can be reached at (701) 255-5607.
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