Wyoming State Loan and Investment Board, Cheyenne, selected Pacific Investment Management Co. as a transition low-duration fixed-income manager and KKR & Co. to serve as a bank loan manager, confirmed Patrick Fleming, chief investment officer, in an email.
The board selected these managers at its Aug. 17 meeting. The amounts being allocated are not being disclosed.
Investment consultant RVK assisted.
The board oversees $23.4 billion in permanent funds, including the $9.4 billion Permanent Mineral Trust, $4.6 billion Common School Permanent Land Fund and $2.6 billion Workers Compensation Fund, as well as two non-permanent funds, which include the state's $4.1 billion in operating funds.