CHEYENNE, Wyo. - State Treasurer Joe Meyer and some of the state's financial advisers say Wyoming has a well-diversified investment portfolio and is in a better position than most other institutional investors to ride out the turmoil on Wall Street. Meyer and the state's other four statewide elected officials met Thursday as the State Loan and Investment Board. Meyer emphasized that Wyoming's nearly $11 billion portfolio is one of the most diversified portfolios in the nation. "Go fishing," Meyer told the other officials. "We're set up for the long term, so quit fussing about this." Michael Walden-Newman, the state's chief investment officer, said the book value of Wyoming's investments has declined nearly $275 million--from roughly $10.9 billion to just over $10.6 billion--from the start of the present financial crisis...
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