Friday, June 27, 2008

State Treasury creates fund to help small business money managers

Pennsylvania Treasurer Robin Wiessmann has created the Treasury Opportunity Fund, which will focus on investing in Pennsylvania-based emerging and/or minority money managers. The fund was established as a way to increase the overall health of the state's investment portfolio. The fund will focus on smaller money managing companies that Wiessmans hopes will grow with the investment, resulting in increased business for the state and small business.

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