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CaloTrust adviser reviews fund performance and rate outlook to Monte Vista council
Summary
A CaloTrust representative briefed the council on fiscal year 2024 performance, the city's yields in the pool and the Federal Reserve rate outlook that could affect short-term returns.
Brett Parsons, a relationship manager for CaloTrust, told the Monte Vista City Council that CaloTrust is Colorado’s longest-running local government investment pool and summarized fiscal year 2024 earnings and a rate outlook for 2025.
“We're the oldest and largest LGIP in Colorado,” Parsons said, describing CaloTrust’s structure and the investment objectives of preservation of principal, liquidity and a market rate of return.
Parsons said CaloTrust operates three…
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