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September 4, 2012
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Early bird builds state's coffers

It's well before 8 a.m. when Stacey Mraz arrives at her office.

That's 8 a.m. New York time, not Carson City time.

"We're on Wall Street time," says her boss, state Deputy Treasurer Mark Mathers.

He said investment decisions must be made early because the best offers go fast. "By 11 a.m. Eastern, you're going to get the stuff nobody else wanted," he said.

"It's very competitive," said Mraz, the management analyst who actually invests state money.

Before that market opens for business, she must figure out how much money the state has each day, how much it will receive, …

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The Nevada Appeal Updated Sep 6, 2012 03:28AM Published Sep 4, 2012 12:57AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.