Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City hears PFM annual investment review; portfolio outperformed benchmark in 2024
Summary
PFM Asset Management presented Plantation’s annual investment review; the city’s long‑term portfolio returned 4.6% in 2024, outperforming its benchmark, and the investment policy was updated to reflect recent state statutory language.
PFM Asset Management presented the City of Plantation’s annual investment report during the April 9 meeting, reporting that the city’s long‑term portfolio returned 4.6% for the calendar year ending December 31, 2024, beating the ICE 1–3 year Treasury benchmark by roughly 0.5 percentage points.
PFM’s representative described three market phases for the period under review: a recalibration as inflation fell from elevated levels, post‑election uncertainty that…
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
