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Oxnard CFO asks City Council to delegate investment authority, consider outside asset managers
Summary
City of Oxnard Chief Financial Officer Javier Chagoyen Lazaro asked the City Council to give staff direction on delegating council investment authority and to consider expanding allowable investment pools and hiring external asset managers under the city's investment policy.
Javier Chagoyen Lazaro, chief financial officer for the City of Oxnard, told the City Council that staff seeks direction on delegating the council's investment authority and on expanding the city's investment options.
Chagoyen Lazaro said the city’s fiscal year 2025-26 investment policy, adopted July 2, 2025, states that the City Council “retains the ultimate responsibility for overseeing the investment program and ensuring compliance with this investment policy,” while allowing both…
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