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City retains investment policy; portfolio yields improve after rate increases
Summary
City staff and outside adviser reviewed Aurora’s investment policy and portfolio performance through March 31, 2025, reporting a larger cash balance earlier in the year, a term‑securities portfolio near $789 million, and improved yields.
City finance staff presented the annual review of Aurora’s investment policy and portfolio and recommended no changes to the policy, which was last modified in June 2021. Teresa Sedmack (Treasury/Finance) told the committee the policy “generally outlines the goals, objectives, allowable investments, concentration limits and performance benchmarking” that govern the city’s portfolio.
Mary Donovan of investment adviser Insight Investments reviewed holdings and performance as of March 31, 2025. Donovan said the portfolio’s cash component was…
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