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Investment advisers tell Richland County commissioners portfolio is well positioned despite expected Fed cuts
Summary
The county's investment advisory committee reported a $141 million portfolio, a 3.61% weighted yield and projections that lock in several million dollars of revenue for 2026'28; advisers recommended modest policy changes and caution as short-term rates fall.
The Richland County Investment Advisory Committee on Sept. 23 told county commissioners the county's portfolio is producing strong returns and is positioned to weather projected Federal Reserve rate cuts.
Jim McCourt, advisory services with METER Public Funds, said the county's total investments were a little over $141 million as of August, with about $22 million in Star Ohio and roughly $118 million in securities held in third-party safekeeping. "We appear to be up about 2.21% from this time last year," McCourt said.
The advisory presentation said the portfolio's weighted average yield is 3.61% and the weighted average maturity is about 2.5 years. McCourt told commissioners many of the…
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