Wyoming State Loan and Investment Board, Cheyenne, rehired RVK as investment consultant.
The board issued an RFP in February due to the impending expiration of RVK's contract in June.
Meketa Investment Group was the other finalist, said Patrick Fleming, chief investment officer.
The board oversees $21 billion in seven state permanent funds, including the $8.1 billion Permanent Mineral Trust, $4.1 billion Common School Permanent Land Fund and $2.2 billion Workers Compensation Fund, and two non-permanent funds, which include the state's $5.5 billion in operating funds.