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Consultants: city treasury pool appropriate for HSS trust; little surplus available for higher‑risk investments
Summary
Makita Investment Group reported that the HSS trust is governed by California code and currently invested in the city treasurer pool, which meets safety and liquidity priorities; consultants said most trust assets are reserved and that only a small surplus — if any — would be available for investments outside the city pool.
Makita Investment Group presented a preliminary investment‑policy review to the Health Service Board and confirmed the trust fund is governed by California law, which prioritizes safety and liquidity ahead of yield. The firm reported the trust currently participates in the City Treasurer's investment pool and that practice is…
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