Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Punta Gorda pension trustees agree to shift $800,000 to core bond manager, will monitor cash and real estate exposure
Summary
Trustees directed staff to transfer $800,000 from an R&D cash account into core bond manager Garcia Hamilton and to monitor cash and real-estate liquidity, following Mariner Investment's quarterly report.
Trustees of the Punta Gorda General Employees Retirement System agreed during their June meeting to direct staff to move $800,000 from the plan's R&D cash account into the plan's core bond manager, Garcia Hamilton, and to continue monitoring overall cash and real estate liquidity.
Jack (Mariner Investment) presented the quarterly investment report and recommended, "I would recommend that we take $800,000 from the r and d account and move that into the, Garcia Hamilton portfolio." He told trustees the overall portfolio value was roughly $59.0 million at the March report and walked through contributions, distributions and performance that…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
