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Board accepts RAFA risk-tolerance finding; fiscal committee urges adjusting Bridal RF contribution
Summary
The Reston Association board accepted an investment risk-tolerance report from RAFA on Oct. 23 and instructed staff to seek renegotiation of a WSSI agreement appendix that prescribes a more aggressive allocation for the CAT fund.
Reston Association board members reviewed the results of a risk-tolerance survey performed by RAFA (the association's investment advisor) and the fiscal committee on Oct. 23. RAFA administered separate risk-tolerance surveys for the Bridal Reserve Fund (Bridal RF) and the CAT (stream/wetland) fund; following analysis the advisor recommended no change to the existing allocation mix for either fund.
What the survey found and what the board decided - Current mixes: Staff reported that the Bridal RF is currently near a 60/40 equity/fixed-income split and the CAT…
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