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