CHEYENNE – The Wyoming State Treasurer’s Office will be looking for a new leader of its Investments Division as Chief Investment Officer Patrick Fleming announced he will be retiring June 30, 2025.
Fleming joined the Treasurer’s Office in 2014 and started as a one-man office charged with generating the greatest fiscally responsible return on the state’s $19 billion sovereign wealth fund. Since that time, he helped grow the team to 10 professional investors and analysts while the fund has ballooned to more than $30 billion even though nearly $9 billion has been distributed to support state budgets over the years.
“The job Patrick has done during his tenure has been vital to the well-being of the entire State,” Treasurer Curt Meier said in a news release. “The earnings distributed as part of the budget funding is equivalent to about a third of all the State’s revenues during that time period. This has decreased the tax burden on our citizens while preserving services vital to the Cowboy State.”…