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Decades of staff and employer contributions combined with investments in stocks and bonds have built the largest funded pension scheme in the UK and fourth largest in the world at around £150bn.
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But some of the largest fund companies are noncommittal.
The $36 billion under its care makes it the largest fund in the country of its kind.
The largest fund, Rochester Fund Municipals, has 19percentt of its assets in tobacco bonds.
Ari Fleischer, the White House press secretary, billed it as the largest fund-raiser in South Dakota history.
It is the largest fund globally to make such a commitment.
Fidelity, the largest fund family in the United States, declined to comment on this new study.
The largest funds may want to explore setting out on their own.
The largest fund that failed last year was Sowood Capital's Alpha fund, which managed $3 billion at its peak.
It has a property arm, an advisory business, credit businesses and the largest fund of hedge funds in the world.
The largest fund at Coller Capital, one of the most active secondary buyout investors, has only $4.8 billion to spend.
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CEO of Professional Science Editing for Scientists @ prosciediting.com