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Treasurer explains district's short-term investments, citing commercial paper and bankers' acceptances
Summary
The district treasurer reviewed July financials and described the district's short-term investment strategy (commercial paper and bankers' acceptances) managed in part by Red Tree Investments and noted reported figures are amounts invested, not returns.
At the Aug. 8 meeting the treasurer presented the July treasurer's report and walked the board through the district's short-term investment strategy, including commercial paper and bankers' acceptances used to generate monthly investment earnings.
The treasurer said the district uses an outside manager, Red Tree Investments, to manage a portion of…
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