Serving all of Eastern Laramie County since 1908

State Treasurer defends WyoStar II Program

Optional fund provides investment vehicle for local governmental agencies

The State’s WyoStar investment programs have recently come under attack, and I would like to share a few facts. 

These programs allow local governments to make institutional-quality investments with fees lower than what large institutional investors typically pay. The State’s manager charges 0.06 percent and independent bond managers charge 0.5-1.0 percent on average. The State is able to minimize fees by combining many smaller accounts (local government entities) together into a larger fund.

These two WyoStar programs have very different profiles. WyoStar I is a short-term, money market type...

 

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