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City hears annual investment report emphasizing safety-first portfolio and steady returns
Summary
PFM Asset Management presented the city—s annual investment report through Dec. 31, 2024, outlining a safety-first portfolio, a large U.S. Treasury allocation, and a one-year return that modestly outperformed the benchmark.
PFM Asset Management presented Palm Coast—s annual investment report to the City Council, describing a portfolio structured for safety, liquidity and then yield and reporting positive short-term returns.
The presentation: Helena Alves, the city—s financial services director, introduced Danny Metz and Leslie Weber from PFM Asset Management to review the portfolio performance through Dec. 31, 2024. Metz said the advisors— philosophy is "safety first, safety of principle," and emphasized that the city—s investment decisions follow state statute and public-fund best practices.
Why it matters: The council heard that the city keeps a large portion of its managed portfolio in U.S. Treasury securities to preserve…
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