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Adviser Tells Winter Springs commission portfolio performed well amid market volatility; city portfolio $99M
Summary
PFM Asset Management updated the commission on the city’s operating investment portfolio (reporting market value ~ $99 million), told commissioners the portfolio outperformed its benchmark in the quarter and year‑to‑date and warned of tariff‑driven market volatility and spread widening in corporate and municipal sectors.
At the May 12 meeting PFM Asset Management gave the commission a quarterly market and portfolio update for the City of Winter Springs’ operating funds (report dated March 31, 2025). Sean Gannon of PFM spoke on how tariffs, Federal Reserve policy and demand for treasuries affected fixed‑income markets and the city’s portfolio returns.
Key figures and points cited by the adviser and staff: - Total market value of the city’s investment portfolio: about $99,000,000…
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