The Wyoming State Treasurer’s Office is seeking a CIO to lead the investments division and oversee the state’s investment program, including the state’s $31 billion sovereign wealth fund.
The current CIO, Patrick Fleming, announced plans to retire in June.
Fleming joined the state treasury as CIO in 2014 and ran the fund as a “one-man shop,” before growing the team to 10 people over the years. Since joining, the assets of the fund have grown to $30 billion from $19 billion, and the fund has distributed nearly $9 billion to support state budgets.
The CIO role oversees the fund, which is divided into 13 distinct pools, including permanent and non-permanent funds, many with their own mandates, asset allocations, and spending policies, according to the state’s job posting.
The position is based in Cheyenne, the state capital, and duties include achieving “the highest risk-adjusted return within the parameters outlined in Wyoming statutes and the [investment policy statement],” according to the post.
Hudepohl & Associates is leading the search.