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Council hears quarterly investment update: town portfolio near $10.4 million, short‑term strategy and higher yields noted
Summary
PFM Asset Management presented the town's quarterly investment report for the period ending Dec. 31, 2024. The town's portfolio—managed under state statute and town policy—was reported at about $10.4 million with a 0–1 year strategy and yield at cost about 4.6%. The council received the report for information; no action was taken.
Garner — Town staff and financial advisors presented the town’s quarterly investment report for the period ending Dec. 31, 2024, at the Feb. 4 council meeting. The presentation outlined market themes, the town’s short-duration investment strategy and performance data; no action was requested of the council.
Key figures and strategy: Karen Magnus of PFM Asset Management told council the town’s portfolio was valued at just over $10.4 million as of Dec. 31. The portfolio follows a 0–1 year…
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