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State Board of Finance accepts consultants— recommendations on liquidity, asset allocation and performance reporting
Summary
The State Board of Finance voted to accept a consultants— report recommending a 14% liquidity buffer (about $650 million), a 65% target allocation to longer-term investments (range 55–70%), and total-return performance reporting by asset bucket to improve accountability and benchmarking.
The Arkansas State Board of Finance voted to accept a financial policy report from outside consultants that recommends formal changes to how the State Treasury manages liquidity, allocates assets and measures performance.
Consultant Dr. Andy Terry told the board the Treasury—s cash-flow analysis over seven years supports holding a liquidity buffer of roughly $650,000,000 — about 14% of the portfolio — to cover maximum daily outflows and include bank deposits held by the Treasury. He said the recommendation comes…
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