WVa Investments Rebound, Rise By $600M In April

By: Associated Press
By: Associated Press

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.)

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