Permanent Wyoming Mineral Trust Fund
Country: United States
Established: 1974
US$ Billion: 3.7
Origin: Minerals
Transparency Rating: 8
Summary:
In accordance with an amendment to the Wyoming Constitution approved by the voters in 1974, one and a half percent of the severance tax on each mineral is deposited in the Permanent Wyoming Mineral Trust Fund (PWMTF).
Strategy & Objectives:
They currently have a well diversified portfolio spanning many different asset classes which includes: Domestic Equities, Global Equities, Real Estate, and Private Equity. The fund also utilizes external managers to manage investments.
March 2008 Report
News and Updates
3/17/08
Officials report: Permanent Wyoming Mineral Trust Fund not affected by sale of Bear Stearns
Wyoming investment officials say they're keeping a close eye on volatile financial markets but public investment funds would not be affected by the sudden sale of Bear Stearns. Bear Stearns avoided bankruptcy this weekend in an agreement that sold the bank to JPMorgan Chase & Co. The Wyoming State Treasurer's Office says the state's permanent funds won't be affected. The portfolio includes the Permanent Wyoming Mineral Trust Fund, the Hathaway Scholarship Endowment Fund and the State Agency Pool, among others.
read more: Montana's News Station
Location
Wyoming State Treasurer's Office
200 West 24th Street
Cheyenne, WY 82002
Website
Wyoming State Treasurer's Office
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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