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Wyoming Retirement System credits governance changes for multi‑year outperformance
Summary
Wyoming Retirement System leaders told the legislature’s capital finance committee that hiring in‑house investment professionals and improving governance and compensation produced top‑quartile multi‑year returns compared with peers.
CHEYENNE — Leaders of the Wyoming Retirement System told the Select Committee on Capital Financing & Investments that changes in governance and professional staffing produced material improvements in the system’s returns over the past decade.
David Swindell, executive director of the Wyoming Retirement System, said the system is managed as a single purpose fund for the exclusive benefit of members and that the Wyoming Retirement Board — including the elected state treasurer and nine appointed members — has exclusive fiduciary authority. The board, Swindell said, established an investment policy statement and an…
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