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Commissioners hear quarterly investment briefings and adopt revised county investment policy
Summary
Investment advisers presented a quarterly portfolio report showing steady returns; commissioners voted to adopt an updated county investment policy that raises the maximum corporate maturity slightly to 5.5 years and allows limited corporate exposure under state rules.
Commissioners on the Natrona County Board of County Commissioners heard quarterly briefings from two outside advisors on the county portfolio and adopted an amended investment policy for county funds.
The presentations gave commissioners a snapshot of fixed-income markets and how county funds are positioned. Joan, an advisor from PFM’s public finance team, told the board the county’s $40 million-plus portfolio ended Dec. 31, 2024, with an effective duration near 2.5 and that managers were keeping a “neutral duration” to stay agile as maturities roll off.
“The portfolio was just over $40,000,000 at inception,” Joan said, and she summarized how recent Fed decisions and volatile Treasury yields shaped the team’s posture. Troy Hunsucker of…
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