Constraints placed on Wyoming’s Permanent Mineral Trust Fund reined in its growth; now a low-return environment may cap its spending.
In part three of series, WyoFile looks at Wyoming’s new approach to investing, and compares it to a state that is taking a much different tack.
In the second installment of its series examining Wyoming’s sovereign wealth funds, WyoFile digs into the factors that have cost the state billions of dollars in missed returns.
Though widely touted as a successful program, analysis shows the state missed opportunities to make much more money through investment funds.
Friess has made national headlines in recent weeks thanks to his contributions to a super PAC that supports Republican presidential candidate Rick Santorum. Friess is the main benefactor of the Red White and Blue Fund, which spent $537,000 on ads to help the Pennsylvanian Republican win the Iowa caucuses.