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Treasurer’s office outlines IPS, proxy rules and plans to buy physical precious metals
Summary
State treasurer staff reviewed the office’s investment policy statement, its use of consultants and approval processes (IFC/SLIB), described compliance with proxy‑voting statute SF191, and outlined a preliminary plan to acquire $10 million in precious metals with options for storage in Casper or COMEX vaults.
CHEYENNE — Senior treasurer staff briefed the Select Committee on Capital Financing & Investments on the office’s investment operations, implementation of proxy‑voting rules from Senate File 191, and an early plan to acquire physical precious metals for the state’s holdings.
Investment process and policies: Samantha Daley, senior policy adviser at the State Treasurer’s Office, summarized how the office develops asset allocations with its consultant (RVK), reviews allocations through the Investment Funds Committee (IFC), and secures approval from the State Loan and Investment Board (SLIB). Daley told the committee the office selects managers based on risk‑adjusted return, track record, team composition and fees and that manager…
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