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Treasurer and Atlantic Union report: county investment accounts earned 4.9% in 2024
Summary
Atlantic Union Bank presented Warren County’s investment performance for calendar year 2024. The bank reported a 4.9% total return on three managed accounts and described account types and liquidity differences between the wealth management portfolio and the county’s money‑market sweep.
Atlantic Union Bank presented Warren County’s investment performance and account structure to the Board of Supervisors on Feb. 4, reporting that the county’s three managed accounts earned a total return of 4.9% in calendar year 2024, net of fees.
Why it matters: The county’s cash and investments support daily operations, capital projects and reserves. Understanding yield, liquidity and portfolio composition helps supervisors judge whether county funds are being prudently managed and whether more cash could be placed to earn higher yields without harming cash flow.
Mitch York, Atlantic Union’s chief investment officer, and John Ackerman, senior portfolio manager, described account holdings and returns.…
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