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PFM presents $31.1M portfolio, ESG rollout; managers may modestly extend duration
Summary
PFM portfolio manager Justin Orsuolo reported a $31.1 million portfolio at year-end, quarterly interest earned near $309,000, and an ESG risk rating that moved slightly lower to 18.5; staff said ESG-policy implementation is effectively complete and future purchases will adhere to the policy.
Justin Orsuolo of PFM Asset Management presented the city’s quarterly investment report, summarizing market themes, portfolio performance and the new ESG reporting metrics. He told the committee the portfolio’s market value at Dec. 31 was roughly $31.1 million and that the portfolio outperformed its benchmark by about 10 basis points in the quarter and roughly 41 basis points year to date, noting an interest-earned figure near $309,000 for the quarter.
"The portfolio at 12/31 showed market value of 31.1 million dollars," Orsuolo said, and he described current portfolio…
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