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Atherton committee accepts Insight Asset Management review, recommends no changes to investment policy
Summary
Insight Asset Management presented an investment review and economic outlook. The committee heard the firm's market views, asked clarifying questions, and voted unanimously to recommend no changes to the Town's statement of investment policy.
Insight Asset Management presented the committee with an economic outlook and a portfolio review of the town’s pooled fixed‑income investments. The firm described yield‑curve movements, inflation and jobs data, and the current positioning of the town’s portfolio.
Dave (Insight Asset Management) told the committee the yield curve has moved since the prior year, with short‑term rates falling from their recent peak while some longer‑term yields rose. He summarized portfolio positioning: about 29.5% in high‑grade corporate bonds (near the California Government Code…
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