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City Treasurer seeks reauthorization to invest $1.96B pool; council approves updated investment policy
Summary
The council reauthorized the city treasurer's delegation to invest city funds for 2026 and adopted minor clarifying changes to the investment policy; the pooled fund was reported at $1.96 billion with FY25 income of about $104.8 million.
The City Council unanimously reauthorized the City Treasurer's delegated authority to invest the City's pooled investment fund for calendar year 2026 and adopted a set of minor clarifications to the city's investment policy.
Chief Investment Officer Emmanuel Abrinos and Senior Investment Officer Stanley Martinez reported the pooled fund's market value as $1.96 billion as of Sept. 30…
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