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Simi Valley council adopts updated investment policy; staff to study adding state-authorized fixed-income options
Summary
The Simi Valley City Council unanimously adopted a revised 2025 statement of investment policy after a presentation by Insight Investments outlining portfolio performance and candidate asset classes the city could consider.
The Simi Valley City Council on Monday adopted an updated 2025 statement of investment policy after a detailed briefing from the city's financial advisers, Insight Investments. The unanimous council vote approved language that preserves safety and liquidity as the city's primary investment goals while allowing staff flexibility to manage returns.
Insight Investments' senior portfolio manager, Mary Donovan, told the council that "the City of Simi Valley's investment policy not only complies with California state statute, but provides the flexibility required to address the city's stated investment objectives of safety, liquidity, and investment return." Her team reviewed the…
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