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Sandoval County amends investment policy, board approves updated policy after portfolio review
Summary
The Sandoval County Board of Finance approved a set of housekeeping and structural changes to the county's investment policy after receiving a presentation on portfolio performance, liquidity and maturity constraints.
The Sandoval County Board of Finance voted to approve the 2025 amended Sandoval County Investment Policy after a presentation on the county's investment portfolio and proposed policy edits.
County Treasurer Taylor and external portfolio manager GPA presented a quarterly review of the county's investments, reporting that the portfolio's combined earnings yield had approached roughly 4% and that total county balances were near $116 million at the end of the quarter. After discussion, the board approved the amended policy by voice vote.
The presentation described the portfolio's structure and risk approach: a core investment account…
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