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Committee discusses opioid-settlement portfolio, member suggests endowment option
Cuyahoga County Investment Advisory Committee · April 25, 2025
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Summary
Staff reported the opioid settlement portfolio at about $63 million and anticipated roughly $2 million annual income; an unidentified committee member proposed treating the funds as an endowment to preserve principal and support prevention programs.
Staff reported that the county's opioid settlement portfolio totaled just over $63,000,000 at the end of the first quarter, with a weighted-average maturity of about 2.37 years and an estimated 12-month income near $2,000,000.
During discussion, an unidentified…
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