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Show Bowen announces treasurer candidacy : '' ' A. Gary Bowen has announced his candidacy for Democratic State Treasurer, stating that, if elected, he will "make the State Treasurer an independent voice of protest against folly and waste in State Government Govern-ment ' ' Bowen has worked as an adjunct professor of economics and finance at the University of Phoenix and as professor of management at Salt Lake Community College. He has also been a financial consultant for Merrill Lynch & Prudential Securities, Securi-ties, the president of Henny Penny Calexico, a firm involved with U.S. wholesale and Mexico export of food products and the general manager and economist for Southwestern Egg Producers. According to a statement made in Oa press release, Bowen feels that Utah's retirement fund should have been reformed years ago. 4 'For ten years Utah Retirement System's low investment returns have ranked it in the bottom 25th percentile compared to several thousand investment plans and in jytom 5 percent compared to A. GARY BOWEN several other state retirement funds. If we simply perform to the averages, the Retirement Fund could earn $50 million or more each year. This is a huge loss to taxpayers. tax-payers. New money managers and investment policies need to be adopted," Bowen stated. |