Committee asks whether LGIP includes equities; presenter says state manages pool
Members asked whether the city's LGIP holdings include equities; the presenter said the LGIP is managed by the state of Washington and functions like cash for liquidity, though committee members requested details on composition.
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During questions about portfolio composition, a committee member asked whether the LGIP includes equities or other market-exposed vehicles. "It's managed from the state," the chair said, describing the LGIP as similar to cash for liquidity and noting the state of Washington operates the pool.
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