Investment Funds Committee

CURTIS E. MEIER, JR.

STATE TREASURER & CHAIR

IFC Member Biography

The Honorable Curtis E. Meier, Jr. was sworn in as the 31st Treasurer of the State of Wyoming on January 7th, 2019.

Prior to his election, Treasurer Meier served in the Wyoming State Senate for 24 years. Curt’s background in business became an asset to the State of Wyoming as he fulfilled a wide range of legislative committee assignments:

Throughout his career as an elected official, Treasurer Meier has established himself as a champion of the Wyoming and U.S. Constitutions, a strong advocate for the rule of law, and a gatekeeper for taxpayer dollars.

A graduate of the University of Wyoming, Curt holds a Bachelor’s Degree in Animal Science. His wife, Charlene, is retiring in May after teaching school in Goshen County for 45 years.

Patrick fleming

STATE TREASURER CIO & STATUTORY APPOINTMENT

IFC Member Biography

Patrick Fleming is the Chief Investment Officer for the Wyoming State Treasurer’s Office and is responsible for managing the State’s 19.5 billion dollars in non-pension assets. Mr. Fleming spent 30 years working primarily in Tokyo, Hong Kong, London and New York specializing in domestic and global bond markets, equities and commodities.

Mr. Fleming is a former CEO of a 77 year old investment firm in New York. He also taught corporate finance, investment management and energy trading and hedging to MBA and undergraduate students at the University of Wyoming.

Mr. Fleming holds a B.A. in Economics from Harvard University.

SAM MASOUDI

STATUTORY APPOINTMENT

IFC Member Biography

Sam Masoudi has 25 years of financial industry experience. He has been the CIO for the Wyoming Retirement System since December 2013. Prior to that, he served as a Managing Director of Tulane University’s endowment fund for five years. He was a founder and portfolio manager for eight years at the hedge fund Silver Peak.

Sam’s other investment experience includes three years at Veronis Suhler Stevenson (private equity fund) as a director, and four years as an assistant vice president in real estate investment banking at PaineWebber and Kidder Peabody, two New York based investment banks.

Sam received his B.S. in Finance and Investing from Babson College. He holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations. He was born and raised in Denver, CO.

DON OPATRNY

SLIB APPOINTMENT

IFC Member Biography

Don Opatrny is a private investor. He was formerly a partner and managing director of Goldman Sachs. His career at Goldman Sachs included senior positions held in the Investment Management Division, Fixed Income, Equity Capital Markets and Investment Banking in the U.S. and Europe. During his career, Don specialized in reorganizations, restructurings and effecting change in corporate and government entities. Mr. Opatrny holds a BA, 1974 from Cornell University and an MBA, 1976 from the University of Chicago.

Don was formerly the vice-chair of the Board of Cornell University and sits on the Investment Committee, and serves as Trustee Emeritus, Presidential Councillor and Foremost Benefactor. He serves as an Independent Director on the BlackRock Multi-Asset Board where he chairs the Performance Oversight Committee. Don serves as a Director on the Board of Athena Capital Advisors, a high net worth investment advisory firm. In Phoenix, Don serves on the Executive Committee of the Phoenix Art Museum. In Jackson, Don serves on the Boards of the Community Foundation (chair of the Investment Committee), the Affordable Housing Supply Board, and was formerly the chair of the Center for the Arts.

Don and his wife, Judy, reside in Jackson, Wyoming and have two adult children. They enjoy golf, hiking, fishing, snowshoeing and sailing.

KENNETH G. LAY

SLIB APPOINTMENT

IFC Member Biography

Kenneth Lay is Senior Managing Director of The Rock Creek Group, an asset management firm based in Washington D.C. that manages globally diversified portfolios of public and private assets for about 50 major institutional investors. In addition to his strategic and managerial responsibilities in the firm, he works with international institutions and NGOs in efforts to develop new approaches to increasing the scale and reducing the cost of financing for global public goods.

Before moving to Rock Creek at the end of 2010, Mr. Lay spent 28 years at the World Bank. During his Bank career, he served as Treasurer and Deputy Treasurer and in various positions in Treasury’s capital markets team. He also served as a country director in Latin America and Eastern Europe and as head of the Bank’s financial sector practice. Earlier in his career he was a lawyer with the U.S. Securities and Exchange Commission, heading its Branch of Corporation Finance Enforcement and representing the agency in investigations and in litigation in administrative tribunals and the federal courts.

Mr. Lay holds a BA from Dartmouth College, a JD from the George Washington University, the CFA designation and active membership in the State Bar of California. He is a trustee of the Wyoming chapter of The Nature Conservancy, a member of the Steering Committee of the Northern Laramie Range Alliance and chairs the independent financial experts committee for the Non-Grant Instruments program of the Global Environment Facility. Since 1993 he has supervised his family’s ranch in Converse County, Wyoming.

TOM CHAPMAN

SLIB APPOINTMENT

IFC Member Biography

Tom Chapman serves on the Investment Funds Committee for the Wyoming State Treasurer’s Office. Mr. Chapman is also a trustee of the Wyoming Retirement System and is chair of its Investment Committee. He is a principal with Teewinot Partners in Jackson Wyoming. Additionally, Tom is a founder and partner for Valparaiso Investment Fund in Singapore. Previously, Tom was a founding member of Colony Capital’s Asian real estate business, based in Singapore. He also worked at Tiger Management in New York. He started his career at Tudor Investment Corporation as a proprietary global macro trader in London. Tom currently serves on the Research Committee of JDRF having served on its International Board and Executive Committee. Mr. Chapman serves as a board observer with ViaCyte Inc.

He is chair of the Investment Committee of the Francis Parker School endowment in San Diego. He currently serves on the Board of the Institute for Arts and Humanities at the University of North Carolina at Chapel Hill. Tom received his BA from the University of North Carolina, Chapel Hill and his MBA from Columbia Graduate School of Business.

RUSSELL READ, CFA, PH.D.

SLIB APPOINTMENT

IFC Member Biography

Russell Read is Group Managing Partner for the C Change Group of investment funds, companies, and advisors, dedicated to materially transforming the production, distribution, and consumption of natural resources around the globe. In addition, Dr. Read serves as Senior Advisor to MSCI with respect to crafting solutions for the global asset owner community. Prior to C Change, he was Chief Investment Officer (CIO) of the Alaska Permanent Fund Corporation, the Gulf Investment Corporation (GIC), and the California Public Employees’ Retirement System (CalPERS). During his tenure at the Permanent Fund, he led the portfolio to achieve top 6%ile investment performance among US Public Funds (Callan) while helping to transform it effectively from a sovereign wealth fund to a sovereign endowment fund, capable of providing meaningful and regularized payments for funding over one-third of the operating needs of the State of Alaska. APFC was named “Top Private Equity Institutional Investor of the Year in 2017” by PEI Magazine, “Top Sovereign Wealth Fund Investor in Hedge Funds for 2017” by Institutional Investor, and “Investment Partnership of the Year for 2018” by Institutional Investor during his tenure.

RICHARD GRANNIS

GOVERNOR APPOINTMENT

IFC Member Biography

Dick Grannis is a retired finance executive with over 30 years in corporate treasury, banking and investment management.

For most of his career, he served as the SVP and Treasurer of Qualcomm, a Fortune 500 company and global leader in wireless communications based in San Diego, California. He helped take the company public in 1991 and grow to over 30,000 employees in 50 countries. He managed more than $30 billion of corporate cash in diversified portfolios across more than 20 asset classes*. For 23 years, he chaired the company’s 401(k) investment committee with over $6 billion in assets. He raised over $4 billion in bank loan, bond and stock offerings.

Prior to Qualcomm, Mr. Grannis served for 5 years as Treasurer of Intermark and Triton Group Ltd., two public companies in La Jolla, California. In that role, he managed over $1 billion in corporate cash and oversaw the investments of numerous defined benefit pension plans for subsidiaries across the U.S.

BOB NICHOLAS

IFC Member Biography

Bob Nicholas was born and raised in Wyoming. He obtained his undergraduate and law degree from UW. For the last 9 years he served in the Wyoming legislature. Currently he is chairman of the House Appropriations Committee and a member of the Capital Finance Committee.