Wyoming pension cracks whip on managers riding in on high horses

As Cynthia Lummis, Wyoming's state treasurer begins searching for absolute return funds she offers some helpful advice on how to speak to uninitiated institutional investors

In the 1990s, I was general counsel to Wyoming Governor Jim Geringer. We had been legislative colleagues for many years before that - he had chaired the Senate Appropriations Committee, I chaired the House Revenue Committee. He was a civil engineer by training and farmer by occupation, I a natural-resources attorney and rancher.

We had complementary policy expertise, liked to work and respected each other. It was a great match. On one occasion I prepared testimony for him to deliver before a