State of Wyoming Loan and Investment Board, Cheyenne, will begin a search for an S&P 500 index manager as early as next month. The $3 billion permanent fund has not established a mandate size or a funding source, said Sharon Garland, assistant director of the state lands and investment office. The move follows a recently completed asset allocation study.
In addition, the fund hired Putnam Institutional and Deutsche Asset Management to run $100 million each in international equity.
Funding will come from the plans fixed-income portfolio.