Challenges & Opportunities

Asset Management

While all trust management agencies engage in asset management to some degree, it is becoming more apparent to trust managers (and state legislatures) that to improve trust management and to honor their fiduciary duty more fully they need to establish a more holistic framework within which to structure their decision making. Asset management can be defined in different ways, but in this context it is the process of guiding the use, disposal, and acquisition of assets to make the most of their revenue potential and to manage the related risks and costs over the entire life of those assets. This approach incorporates the economic assessment of trade-offs among alternative investment options and uses this information to help make cost-effective investment decisions, including how to allocate resources most effectively to achieve desired goals.

For an introduction to the development of an asset management plan, download the Asset Management Primer.

Get more details on the Wyoming Office of State Lands and Investments efforts to develop a comprehensive asset management plan.

View the updated Oregon Department of State Lands Asset Management Plan.

Get more information on patient capital.