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Investment strategy working group delivers first draft; plans public review and finalization
Summary
A working group presented a first draft of an investment strategy that sets categories, ranges and an aggregate portfolio target and includes guardrails and flexibility for advisor management; the group plans to finalize and present recommendations to Finance and Budget in the coming weeks and publish meetings for community input.
Rick Ruffai reported to the Budget and Finance Committee that the association’s investment strategy working group has completed a first draft of recommended policy language and portfolio structure.
Ruffai said the draft sets categories for future expenditures, places target ranges on each category and…
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