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Bank of Texas: small parks trust portfolios end 2024 at $1.86M; returns vary by measure
Summary
Bank of Texas presented the annual investment update for three small park trust funds, reporting an ending market value of about $1.862 million and noting benchmark adjustments and differing trailing-period returns.
A Bank of Texas representative presented an annual investment report on the Braulweiler, Weiss and Craddock small-park trust funds to the Parks and Recreation Board, reporting the trusts had a combined market value of approximately $1,862,000 at the end of calendar year 2024.
The bank's presenter said the portfolio earned a strong calendar-year return for 2024 and described that result as roughly 10.7% net of fees for…
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