Charleston, W.Va. (AP) -- West Virginia's investment portfolio is rebounding from a stock market downturn.
The executive director of the State Investment Management Board says the portfolio's value rose by $600 million in April as the market improved, a 7.5 percent increase.
Craig Slaughter says he expects another 4 percent to 6 percent increase for May.
Slaughter says the state has made up a lot of ground since early March when the value of its investments was down by nearly $3 billion.
He says the investment board believes the worst is over but nothing is certain.
(Copyright 2009 by the Associated Press. All rights reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.