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Wyo. treasurer finalists picked for fund approaches
Posted 10/23/12
CASPER — Wyoming Republican officials say the three finalists for state treasurer were selected because of their approaches to managing the state’s $15 billion investment fund.
Members of Wyoming’s Republican Party Central Committee considered the 10 candidates on Monday in Riverton. They picked Bruce Brown, an accountant; Mark Gordon, a former board member of the Federal Reserve Bank of Kansas City and Clark Stith, a Fulbright scholar, to advance to interviews with Gov. Matt Mead.
The Casper Star-Tribune reported that Stith thinks he can reduce the fund’s investment management fees. Gordon said he would revisit keeping 60 percent of the fund in fixed assets if the market forecast weakens. Brown said it would be a mistake to tap into the state’s rainy day fund.
Mead is to meet with the three finalists Wednesday.