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County advisors defend portfolio after WildStar losses; recommend measured corporate allocation
Summary
Advisors to Natrona County presented a Q2 2025 market update and reviewed county portfolios (roughly $51–$55 million under management). They explained earlier losses tied to WildStar pools, described current liquidity and diversification, and recommended cautious increases in corporate-note allocations.
Joan Evans, director with PFM Asset Management, told the Natrona County Board of Commissioners the county’s managed portfolios produced a 1.42% return in the second quarter of 2025, outperforming the benchmark by 14 basis points. The county’s combined holdings total roughly $51–$55 million across longer‑term and liquid pools, Evans said.
Evans told commissioners that market uncertainty — weaker job gains, tariff effects and fiscal pressure — shaped the quarter’s performance and that the board’s recent decision to allow corporate notes into the policy (maximum 20%) had been used selectively.…
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