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Chandler Asset Management briefs Pitkin County on portfolio performance; county funds above 4% yield
Summary
Pitkin County finance staff and advisors from Chandler Asset Management reported to commissioners on Aug. 12 that the county’s managed short‑term investment portfolio was earning roughly a 4% yield, complied with the county’s investment policy and had a market value of about $79.5 million as of June 30.
Pitkin County commissioners received a market and portfolio briefing from Chandler Asset Management at the Aug. 12 work session. Chandler staff summarized national economic signals investors are watching and presented county portfolio performance and positioning.
Scott Prickett, co‑chief investment officer at Chandler, and senior strategist Julie Hughes led the discussion. They described an outlook that prioritizes monitoring inflation and labor market indicators in the months ahead and noted markets were pricing in two potential Federal Reserve cuts before the end of the year, contingent on upcoming data. "Our outlook is for at least 2 more Fed rate cuts before year end," Chandler analysts…
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