WPR News
6:51 am
Mon December 1, 2008

Wyoming's investments down more than $1 billion

Cheyenne, Wyo. – The value of Wyoming's investment portfolio continues to slump, dropping more than $1 billion from the start of the present financial crisis through the end of October.

The latest figures available from the Wyoming State Treasurer's Office show that the market value of the state's investment portfolio dropped from $10.8 billion to $9.7 billion at the end of October.

Wyoming State Treasurer Joe Meyer said Monday that his office has asked the state's main investment adviser, R.V. Kuhns and Associates of Oregon, to look at the state's position and consider whether it needs to revise its position. He said he expects the
company will give the state some interim targets early next year.