Wyoming State Loan and Investment Board terminates RBC Global Asset Management

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Wyoming State Loan and Investment Board terminates RBC Global Asset Management – Pensions & Investments







































































<br /> <!-- Swiftype Variables --> <br /> Wyoming State Loan and Investment Board terminated RBC Global Asset Management from an active domestic small-cap equity portfolio.Rob Kozlowski<br /> <br /> Wyoming State Loan and Investment Board, Cheyenne, terminated RBC Global Asset Management from its $211 million active domestic small-cap equity portfolio, according to a board action report on its website.</p> <p>The board, which oversees $19.6 billion in state permanent fund assets including the $7.4 billion Permanent Mineral Trust, approved the recommendation by Wyoming state Treasurer Mark Gordon’s office at its Oct. 4 meeting. The office recommended the termination as being “in the state’s best interest.” A further reason was not provided.</p> <p>RBC was originally hired in 2013 to run $192 million in active domestic small-cap equities following the board’s decision to increase active management in the equity portfolios it oversees. How the assets will be reallocated could not be immediately learned.</p> <p>As of March 31, the actual allocation to domestic equity in the Permanent Mineral Trust, the largest fund the board oversees, was 15.1%.</p> <p>Patrick Fleming, chief investment officer, did not reply to requests for further information. </p> <p>

































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