TREASURY/PENSIONS

Investments

The City is highly proactive in the management of its investment assets. Staff manages internally a liquidity and small core portfolio of about 15% of total operating investments. Daily cash flow is also internally managed to maximize utilization. The remaining 85% has been allocated to five external specialty investment managers. These managers invest in the traditional domestic high grade government and corporate securities and, to a limited extent, select corporate securities of lower ratings or special put feature bonds, mortgage securities, hedged foreign investment grade and emerging market debt (Disclaimer).

Staff coordinates all financial reporting on the individual portfolios, evaluates and recommends policy changes and monitors and coordinates all investment activities and cash flows.

Performance is measured on a total return (market value) basis, measured against a number of comparable investment indices and measured against each manager's peer group for short and long-term investment periods.
 

City of Orlando Investment Policy

Operating Portfolio Quarterly Report