Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County treasurer gets presentation showing higher yields from a longer portfolio; staff says portfolio earned more than LGIP since manager engagement
Summary
A private investment manager presented a review showing the county's longer-duration portfolio is earning higher yields than the local government investment pool (LGIP) over time; the treasurer's report noted part of the county's cash belongs to other local entities held by the treasurer.
A presentation by METER Investment Management director Greg Balsz gave the Lyon County Board of Commissioners a quarterly review of the county investment portfolio on May 15. Balsz said the county's portion under active investment management has a weighted-average life of about 1.57 years and a book yield near 4.38% (excluding the LGIP pooled funds), and he argued a longer-duration portfolio has generated incremental investment income compared with keeping funds entirely in the short-term Local…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
