Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Redtree: Fostoria’s $17 million in funds earning about 4.5%; advisor suggests shifting $1 million into fixed income
Summary
Redtree Investment Group presented the city’s portfolio performance to the finance committee, reporting roughly $17 million in total funds yielding about 4.5%, advising rebalancing toward fixed income and noting expectations for future Fed moves; the city said it will issue a banking RFP.
FOSTORIA — Redtree Investment Group told the Fostoria Finance Committee that the city’s combined cash and investment accounts total about $17 million and are yielding just over 4.5%, and the firm recommended reallocating a portion of cash into fixed-income securities to lock in higher rates.
"Steve provided the information for the premier bank accounts in Star, Ohio at the April and the Red Tree investment account and in total funds is a little over 17,000,000," Ryan Nelson of Redtree said. Nelson said…
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
