Increasing the bottom line

244983.png

The Council has agreed to hire a new Chief Investment Advisor.

Additionally, it has agreed to update FWs 20 year old investment strategy.  A new investment policy will create 2 portfolios, short and long term.  The short term portfolio will have a Weighted Average Maturity of 2.5 years with a max maturity not to exceed 5 years.  The Long term portfolio will have a Weighted Average Maturity no more than 7.5 years, with a stated maturity not to exceed 10 years. 

Bottom line, this should net our city an additional ~$18MM annually.

Be the first to comment

Please check your e-mail for a link to activate your account.