DOCSLIB.ORG

Private Debt Investor New York Forum 2018 Attendee List

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Private Debt Investor New York Forum 2018 Attendee List NEW YORK FORUM 2018 THE 5TH ANNUAL EVENT September 25-26 | Convene, 117 W. 46th Street Attendee list > 50 South Capital Advisors > Blueprint Capital Advisors > CVC Capital Partners > Insight Investment > NXT Capital > Star Mountain Capital > AB Private Credit Investors > Bold Business > Dechert > Intermediate Capital Group > Oaktree Capital > State of New Jersey Management > Abbot Downing > Bridgeport Asset > Deerpath Capital > J.P. Morgan > Sullivan and Cromwell Management Management > OCP Asia > ACORE Capital > Jefferies Finance > Sumitomo Mitsui Trust Bank > British Columbia Investment > The D.E. Shaw Group > Office Of The Comptroller > Adams Street Partners Management Company > Joint Industry Board Of The City Of New York > Swiss Re > East West Bank > Aflac Global Investments > Brookfield Asset > Kandeo Private Equity > OLS Capital > TD Asset Management Management > Eaton Partners > Agri Investor > Kartesia Advisor > Ontario Teachers’ Pension > TIAA-CREF > Edelweiss Financial Services > Akin Gump Strauss Hauer > Brooklands Capital > KB Securities Plan > THL Credit & Feld Strategies > Entrepreneur Consulting > Kennedy Lewis Investment > Optima > Thoma Bravo > Brown Advisory Services > Aksia Management > Orion Resource Partners > EnTrustPermal > Thomson Reuters > Alcentra Capital Corp > BT Financial Group > Kentucky Retirement > Owl Rock > Threadmark > Cambridge Associates > EQT Partners Systems > AllianceBernstein > Pacific Asset Management > Erie Insurance > Kirkland & Ellis > Topaz Capital > Allstate Investments > Campbell Lutyens & Co > Pacific Life > Twin Brook Capital Partners > Canada Pension Plan > Evolution Credit Partners > Kohlberg Kravis Roberts > The Alternative Investment & Co > Paul Hastings Management Assocation (AIMA) Investment Board > FC Capital Management > UBS > The Lead Left > PennantPark > Amherst Capital > Capital One > Fidante Partners > Unique Growth Capital Management > Leucadia Asset Management > Pfizer > Capitala Group > Fiera Private Lending > University of Ottawa, Pension > Andes Capital Group > Macquarie Group > PIMCO & Investment Management > CapitalSpring > First Eagle > Angel Island Capital > Main Street Capital > Plexus Capital > UPS Group Trust > Carlyle Group > Fitch Ratings Corporation > Valuation Research > Angelo Gordon & Co > CDPQ > Proskauer Rose > Forbes Family Trust > Maranon Capital Corporation > Annaly Middle Market > Centrum Alternatives > Prospect Capital Lending > GAM > Mariana Systems > Vantage Infrastructure > Cerberus Capital > PSP Investments > Antares Capital > Gapstow Capital Partners > Meketa Investment Group > Varagon Capital Partners Management > Raven Capital Management > Ares Management > Garrison Investment Group > Mercer > VIA Rail Canada Pension Plan > Charlesbank Capital Partners > Reorg Research > ArrowMark Partners > GIC Private Limited > Mesa West Capital > Virtus Partners > Churchill Asset Management > Richardson GMP & > GMO Payment Gateway > Voya Financial > Ascension Health > CIBC > MGG Investment Group Richardson GMP Private F.O. > Golden Alpha > Wafra > Atrato Advisors > CIFC Asset Management > Mitsubishi > Ropes & Gray > Goldman Sachs & Co > The Wall Street Journal > Audax Private Debt > Citigroup > Monroe Capital > Royal Bank of Canada > Golub Capital > Wellington Management > Avenue Capital Group > Cliffwater > Nationwide > Royce Family Investments > GSO Capital Partners LLC and Royce Family Fund > Wells Fargo Asset > Ballentine Partners > Colbeck Capital > Natixis > RSM Management > Bank of America Merrill Management > Guggenehim Partners > NEPC > Wells Fargo Commercial Lynch > Colby College > Guidepoint > San Bernardino County > New York City Office of the Employees’ Retirement Capital > Barclays Comptroller > Comvest Partners > Hamann Family Foundation / Association > Wells Fargo Securities > Barings Spectrum Financial > NewStar Financial > Contegria Private Capital > Siar Capital > White Mountains Advisors > BBVA Compass Bancshares > Hanwha Asset Management > Nikko Asset Management > Corbin Capital Partners > Silver Creek > White Oak Global Advisors > Benefit Street Partners > HarbourVest Partners > Nippon Life Global Investors > Cortland Capital Market > Solar Capital > Willett Advisors Services > Hayfin Americas > Bimcor > Southern Bridge Capital > Nonami > Wilmington Trust > BlackRock Private Equity > Crescent Capital Group > Home/ Barry Wilson > SS&C GlobeOp > The World Bank Pension Partners > Crestline Investors > HOOPP Capital Partners > Northleaf Capital Partners > Stafford Capital Partners Fund > Blackstone > Nuveen > Cross Ocean Partners > Horizon Technology Finance > Zeke Capital Corp > Standard & Poor’s Learn more about the largest private debt event in North America online: LEARN MORE.
Load more

Recommended publications
  • End of the Cycle Or End of an Era? Debt, Demographics and the Limits of Monetary Policy
    FOR PROFESSIONAL CLIENTS ONLY. NOT APPROVED FOR RETAIL DISTRIBUTION. MAY 2016 END OF THE CYCLE OR END OF AN ERA? DEBT, DEMOGRAPHICS AND THE LIMITS OF MONETARY POLICY > The current era of monetary policy began with the collapse of the Bretton Woods system. Recurrent crises and increasingly experimental policy suggest we may be close to another shift in the monetary regime. Abdallah Nauphal, Insight Investment CEO At best, the time horizon of many investors stretches to the length of the current business cycle and when the next downturn might be expected. Few think in terms of eras. But sometimes a long-term perspective is required to peel away the complexities that we currently confront in order to see the full picture. For economic policy, the current era began with the collapse of the post-World War II Bretton Woods fixed exchange rate system and its replacement with a fiat money regime. There is a lot of value in attempting to understand long-term trends. It is a form of analysis distinct from forecasting outcomes. The value of this sort of analysis is that it helps us to grasp the dimensions and drivers of the risks we face. One of the characteristics of this present era, particularly of late, has been recurrent crises. The most recent unfolded in three distinguishable waves. The first wave was centered on the US. Figure 1: The three stages of the global financial crisis The bursting of the property bubble led to the collapse of the subprime mortgage Stage 1 Stage 2 Stage 3 market. Eventually, through transmission US housing market collapse mechanisms few understood or predicted, this ended with the collapse of Lehman Brothers.
    [Show full text]
  • Multi Sector Fixed Income Survey Q3 2018
    FIXED INCOME SERIES Investment Research FIXED INCOME SERIES Investment Research The MSFI market deconstructed Multi Sector Fixed Income survey Q3 2018 SPONSORED BY 1 CAMRADATA.COM Editorial with rising rates. By employing a universe achieved a positive or break- CAMRADATA variety of strategies, which may include even return. This was an improvement CLEAR, INDEPENDENT ANALYSIS shorting bonds or exploiting the relative on the previous three months, in value of assets, managers of these which only 59% managed the same We provide institutional investors and funds hope to provide a positive return achievement. consultants with data and analysis to in all market conditions. assess, research and report on their This proposition has naturally proved “SOME PREDICT investments. attractive, with the result that MSFI THE US FEDERAL We are committed to fostering absolute return funds have seen a and nurturing strong, productive steady stream of investor inflows. In the RESERVE WILL relationships across the institutional third quarter of the year, these funds RAISE INTEREST investment sector and are continually gathered a net £0.3 billion, making the RATES THREE innovating new solutions to meet the INVESTORS FACE A DILEMMA. period the tenth consecutive quarter TIMES IN 2019.” industry’s complex needs. Developed market equities, led by in which this asset class, as tracked We enable pension schemes, insurers, the US, rallied in the past two years by CAMRADATA, enjoyed a positive There are challenges on the horizon, charities, family offices and consultants to record levels. Although these gains balance of investor allocations. however. Some analysts are predicting to conduct rigorous, evidence-based were good news for holders of equity Clearly, this fund type is in demand, that the US Federal Reserve will raise assessments of more than 5,000 assets, the sustained price growth which is good news for asset managers interest rates three times in 2019.
    [Show full text]
  • The Biggest Asset Manager You've Never Heard Of
    INTERNATIONAL EDITION OCTOBER 2016 Research + Rankings BEST IN SHOW: INTRODUCING THE 2016 ALL-AMERICA RESEARCH TEAM THE Banking + Capital Markets AD WARS! GOOGLE AND FACEBOOK SQUARE OFF IN CYBERSPACE BIGGEST Investors AS RIAS GROW, MANY LOOK TO OUTSOURCE THE CIO FUNCTION ASSET MANAGER YOU’VE NEVER HEARD OF ABDALLAH NAUPHAL BUILT LONDON’S INSIGHT INVESTMENT INTO A $667 BILLION BOND GIANT. NOW HE’S AIMING TO WIN THE U.S. OVER TO LIABILITY- DRIVEN INVESTING. PAGE 36 Stateside-Bound CEO Nauphal believes his $667 billion firm is ready to crack the big U.S. market. THE BIGGEST FIXED INCOME ASSET MANAGER INSIGHT INVESTMENT HAS BUILT A POWERFUL U.K. FRANCHISE WITH LIABILITY-DRIVEN INVESTING. CAN IT TAKE ITS MODEL TO THE U.S. AND BEAT THE AMERICAN BOND GIANTS? YOU’VE NEVER BY JESS DELANEY / PHOTOGRAPHS BY FELICITY MCCABE HEARD OF bdallah Nauphal was in Washington visiting a client crisis,” Gall says, referring to the 1998 collapse of hedge fund firm Long- when the news broke that British voters had chosen to Term Capital Management, he and his team didn’t have much cause leave the European Union. Awake in his hotel room in for concern. Because LDI is an exercise in long-term risk management, the early-morning hours of June 24, the chief executive Gall wasn’t tearing his hair out as stocks, interest rates and the pound of London-based Insight Investment took a few seconds plummeted. “It was more about looking at the screens, seeing how wildly to wrap his head around the reports on the television the markets, and currency in particular, were moving and then thinking before dialing Adrian Grey, the firm’s chief investment what that means for future hedging decisions,” he says.
    [Show full text]
  • Investor Signatories to the CDP Science Based Targets Campaign a Total of 137 Investors with $19.43 Trillion of Assets Backed This Campaign
    Investor signatories to the CDP Science Based Targets campaign A total of 137 investors with $19.43 trillion of assets backed this campaign. Achmea Investment ABN AMRO Bank N.V. ACTIAM Management Addenda Capital Inc Aegon Asset Management AkademikerPension Alecta Aktia pensionsförsäkring, Allianz SE ömsesidigt AMF Amundi ANIMA SGR AP Pension Arisaig Partners Arvella Investments Avaron Asset Aviva Investors AXA Group Management BayernInvest Bank J. Safra Sarasin Kapitalverwaltungsgesells BDL Capital Management chaft mbH Bedfordshire Pension BlueBay Asset Bethmann Bank Fund Management BMO Global Asset Boston Common Asset Boston Trust Walden Management Management, LLC Christian Brothers Brown Advisory Church Investment Group Investment Services Clean Yield Asset Church of Sweden ClearBridge Investments Management CNP Assurances Coller Capital COMGEST CREDIT MUTUEL Asset CPR Asset Management Crédit Agricole S.A. Management Didner & Gerge Fonder DNB Asset Management Dana Investment Advisors AB AS DNCA FINANCE Dom Finance Dorval Asset Management Eagle Ridge Investment DWS Group EAB Group Plc Management, LLC EdenTree Investment Edmond de Rothschild East Capital Group Management Asset Management ESG Portfolio Ethos Foundation, eQ Asset Management Ltd Management Switzerland Etica Sgr - Responsible Eurizon Capital SGR Evli Bank Investments S.p.A. Exane Asset Management FAMA Investimentos Federal Finance Gestion Federated Hermes Fideas Capital Fidelity International International First Affirmative Financial Friends Fiduciary FIM Asset Management
    [Show full text]
  • Dave Hunter DATE: September 18, 2020 SUBJECT: SIB Meeti
    Executive Summary - Informational TO: State Investment Board FROM: Dave Hunter DATE: September 18, 2020 SUBJECT: SIB Meeting Materials – September 25, 2020 Our September board meeting will focus on Callan’s annual investment performance review of SIB client returns as of June 30, 2020. RIO will also share board education and manager research on in-state investment programs administered by other state plans, invite BND to provide an investment update & highlight recent legislative committee presentations. 1. Asset and Performance Overview – RIO will refresh the Asset and Performance Overview shared with the Board last month noting that 94% of our SIB clients generated net returns which exceeded their approved policy benchmarks for the 5 years ended June 30, 2020. All SIB Pension Pool clients generated net returns which exceeded their respective policy benchmarks for the 1, 3 and 5 year periods ended June 30, 2020. The Pension Pool, which includes PERS and TFFR, generated a net return of 8.4% for the 10 years ended June 30, 2020, exceeding its Policy Benchmark of 7.94% and their actuarial long-term return assumptions (of 7.00% to 7.25%). The NDSIB Pension Pool was also ranked in the top 25% of Callan’s Public Fund Sponsor Database for the 10-years ended June 30, 2020. 2. Callan Annual Investment Review – The SIB engages Callan to provide quarterly and annual investment performance reviews which include a reconciliation of RIO’s reported investment returns and asset valuations with those reported by Northern Trust, noting that Northern Trust serves as our primary custodian and record keeper for SIB client investments.
    [Show full text]
  • 2010 | Investment Management Industry Review
    2010 | Investment Management Industry Review accounts. The British and French negotiated similar deals. In September, Switzerland also completed the last double- taxation treaty required to remove its name from the OECD’s list of nations failing to comply with tax-sharing the Right Places information. In Italy, the government raided the local Lookin’ for Dough in All on a tax treaty grew testy. Meanwhile, a tax amnesty led When governments in the U.S. and Europe take Italiansoffices of to Swiss declare banks $115 and billion talks in between assets held the twooutside nations the a moment to consider their future pension country, though estimates for the total amount run six and health care obligations to baby boomers, times as high. Lichtenstein, with 35,000 people and per it doubtless quickens the pulse. In the U.S., capita GDP over $100,000, cut a deal with the U.K. to close the Peterson Foundation, a fiscal watchdog, the accounts of British citizens who do not comply with figures the nation has $56 trillion in unfunded their government’s demand for full disclosure. The small obligations up the road, primarily involving principality has also engaged in similar discussions with Medicare. Among European Union nations, Germany. generous national state pension and health So it was that in 2009 the worst economic crisis since the care benefits face similar funding challenges. Depression continued to play out. It engulfed Europe’s lucrative offshore banking industry, remade banks and In the U.S., states and localities are falling behind on their own promises to boomer public employees, having watched hundreds of billions of dollars in assets disappear in 2008-2009.
    [Show full text]
  • Insight Liquidity Solutions
    FOR ISSUE IN THE UK AND EU. FOR PROFESSIONAL CLIENTS AND QUALIFIED INVESTORS ONLY. NOT TO BE REPRODUCED WITHOUT PRIOR WRITTEN APPROVAL. PLEASE REFER TO ALL RISK DISCLOSURES AT THE BACK OF THIS DOCUMENT. INSIGHT LIQUIDITY SOLUTIONS OPPORTUNITY FLEXIBLE LIQUIDITY SOLUTIONS Security Insight’s range of liquidity management solutions aims to • Money market-specific credit research process deliver security, liquidity and performance for cash investors. • Robust risk oversight We understand that capital preservation is a key priority for • Highly rated by rating agencies (see page 4 for details) professional investors. Liquidity solutions can be a useful tool • Independent custodian/trustees to help maximise returns on short-term assets, which aim to maintain security and liquidity. Liquidity • Stress-tested for a range of liquidity and market-related We believe that cash and liquidity management is a unique scenarios investment discipline. Our highly experienced money market • Economies of scale provide access to more team has significant expertise and managed portfolios through competitive pricing various market conditions and multiple interest rate cycles. Diversification We aim to offer an attractive combination of traditional cash- • Diversified across a broad range of counterparties, management expertise and a broad and innovative product instruments and jurisdictions range to meet the varying liquidity requirements of our clients (see Figure 1). Robust infrastructure • Established administrative and dealing structure Our investment process combines an active management approach with a robust risk framework, that enables us to • Available on a pooled fund or segregated basis partner with clients and deliver effective liquidity solutions to match specific liquidity profiles. Figure 1: Structuring your cash allocation with the aim of enhancing your return potential Cash Liquidity (Horizon – daily) Working capital Cash plus (Horizon – 3 months plus) Reserve Short duration (Horizon – longer term) Strategic Time For illustrative purposes only.
    [Show full text]
  • Year Ended 31 December 2019
    ‘bapita Rentokil Initial 2015 Pension Scheme Scheme Registration Number: 12011433 Report and Financial Statements For the Year Ended 31 December 2019 I[ II I Rentokil Initial 2015 Pension Scheme Contents Professional Advisers and Principal Employer 2 Trustee’s Report 3 Scheme Management 3 Report on Actuarial Liabilities 8 Investment Matters 9 Compliance Matters 11 Statement of Trustee’s Responsibilities 12 Contact for Further information 13 Approval 13 Actuary’s Certification of the Schedule of Contributions 14 Independent Auditors’ Report to the Trustee 15 Independent Auditors’ Statement about Contributions to the Trustee 18 Fund Account for the year ended 31 December 2019 19 Statement of Net Assets available for benefits as at 31 December 2019 20 Notes to the Financial Statements 21 Rentokil Initial 2015 Pension Scheme Professional Advisers and Principal Employer Trustee: Rentokil Initial Pension Trustee Limited Scheme Actuary: D Lindsay, Aon Hewitt Limited Scheme Administrator: Capita Employee Solutions Independent Auditors: PricewaterhouseCoopers LLP Banker: National Westminster Bank plc Investment Managers: Aberdeen Standard Investments (formerly Standard Life Investments Limited) Insight Investments Funds Management Limited Clerical Medical Managed Funds AVC Providers: Equitable Life Assurance Society (until 01.01.2020) Utmost Life and Pensions (from 01.01 .2020) Prudential Plc ReAssure Ltd Phoenix Asset Management Aberdeen Standard Annuity Provider: Pension Insurance Corporation Aviva Insurance Zurich Insurance Legal & General Legal Adviser: Linklaters LLP Investment adviser: Willis Towers Watson Investment custodian: Bank of New York Europe Limited Principal Employer: Rentokil Initial plc Contact for further information: Rentokil Initial plc Compass House Manor Royal Crawley RH1O 9PY Email: rensionsirentokil-initial.com 2 Rentokil Initial 2015 Pension Scheme Trustee’s Report The Trustee of the Rentokil Initial 2015 Pension Scheme is pleased to present its report and financial statements for the year ended 31 December 2019.
    [Show full text]
  • Fund Profile Insight Liquid Abs
    FOR ISSUE IN THE UK AND EU. FOR PROFESSIONAL CLIENTS AND QUALIFIED INVESTORS ONLY. NOT TO BE REPRODUCED WITHOUT PRIOR WRITTEN APPROVAL. PLEASE REFER TO ALL RISK DISCLOSURES AT THE BACK OF THIS DOCUMENT. FUND PROFILE INSIGHT LIQUID ABS OPPORTUNITY SNAPSHOT The Insight Liquid ABS Fund aims to generate an attractive level Objective To generate a return for investors mainly through of yield from short-dated high quality, liquid asset-backed investment in a portfolio of liquid asset backed securities (ABS) and corporate floating rate notes securities (ABS). (FRNs). • Aims to benefit from investing in high credit quality ABS with Universe ABS and FRNs including, but not limited to, residential mortgage-backed securities, over 90% of securities having a credit rating of AAA. commercial mortgage-backed securities, money market instruments, fixed rate bonds, • Focus on daily liquidity management and will therefore have a currency, swaps and the Insight Liquidity Funds. high allocation to instruments with short maturities. Credit quality Subject to a rating of at least AA- at the date of purchase or, if unrated, deemed to be of • Potentially attractive alternative to money market equivalent quality by the manager. instruments that offer low or negative yields. • Potentially suitable to generate a return potentially above the funding cost of a swap or gilt-based hedging strategy within a liability driven investment (LDI) solution. PERFORMANCE1 2.0 1.8 1.6 1.4 1.2 % 1.0 0.8 0.6 0.4 0.2 0.0 1 year 3 years (pa) 5 years (pa) Since inception (pa) Insight Liquid ABS Fund SONIA 1 Source: Insight as at 30 June 2021.
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* NAME OF ISSUER: The Interpublic Group of Companies, Inc.** TITLE OF CLASS OF SECURITIES: Common Stock CUSIP NUMBER: 460690100 DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: December 31, 2012 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be 'filed' for the purpose of Section 18 of the Securities Exchange Act of 1934 ('Act') or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). **Shares of this security have been omitted from this schedule because those shares are subject to the Lehman bankruptcy proceeding. Accordingly, neither BNY Mellon nor any of its affiliates (" BNY Mellon ") have beneficial ownership over those shares. BNY Mellon will include such shares on future Schedule 13G filings once beneficial ownership is regained. CUSIP NUMBER: 460690100 (1) Names of Reporting Persons The Bank of New York Mellon Corporation IRS Identification
    [Show full text]
  • European Asset Management
    A SHEFFIELD HAWORTH PUBLICATION EUROPEAN ASSET A summary featuring people news, industry updates with market trends and analysis MANAGEMENT Patrick Morrissey H2 2019 Charles Bruce-Smythe Henry Spence Peter Hughes Tom Eagar Henry Milton H2 2019, Asset Management Overview – Europe MARKET OVERVIEW The asset management industry has seen a variety of challenges in the second half of the year with illiquid investments and company governance in the limelight. In the last six months, the industry saw Woodford Investment Management close its doors in October and H20 Asset Management suffer £1.2bn in withdrawals in one week in the summer. The second half also saw similar trends that defined the first half of the year. A “white-hot” bond market (according to the FT in December) continued and again, despite the escalation in the US-China trade wars and political volatility in the UK, equities have improved. ESG continued to grab the market’s attention with more and more inflows into ESG orientated funds, to the point where the FT labelled 2019 as the ‘year capitalism went cuddly’. Nevertheless, like any fast- growing innovation, it is not without its teething problems. While everyone appears to now know what ESG means, not everyone has settled on how to ‘do’ ESG. This diversity in approach can be a real challenge in an area short on long-term executive expertise. Peter Sanderson was appointed Group Chief Executive TABLE OF CONTENTS Officer of GAM, joining from BlackRock where he was a member of the European Executive Committee. Market Overview . Kames Capital confirmed that Martin Davis, the CEO for six Business Development years was stepping down, with the CIO Stephen Jones acting as interim CEO.
    [Show full text]
  • (Insight) Investment Program Review of Town. Review
    Item No. 5 Town of Atherton FINANCE COMMITTEE STAFF REPORT TO: FINANCE COMMITTEE FROM: ROBERT BARRON III, FINANCE DIRECTOR DATE: JANUARY 14, 2020 SUBJECT: PRESENTATION BY INSIGHT ASSSET MANAGEMENT INVESTMENT PROGRAM REVIEW OF THE TOWN. REVIEW STATEMENT OF INVESTMENT POLICY AND IF APPROPRIATE MAKE RECOMMENDATIONS OF CHANGES TO STATEMENT OF INVESTMENT POLICY FOR CITY COUNCIL APPROVAL RECOMMENDATION Review the investment program with Insight Asset Management Group and review statement of investment policy, if appropriate discuss and make recommendation of changes to the Statement of Investment Policy for city council approval. BACKGROUND Dave Witthohn, Senior Portfolio Manager for Insight investment is here today to discuss our fourth quarter investment portfolio program, and outlook of the economy. Staff also returns with the Investment Policy for review by the Finance Committee as to ensure investment objectives are consistently met. As of December 31, 2019, the total investment portfolio for the Town is $17,514,480 as illustrated in the Insight investment review book. The Town has an additional $18,580,276 in LAIF and operating account of $4,473,865 with an approximate total cash and investment of $40,568,621. Staff is returning with the Investment Policy for review as is required at least annually, for possible recommendations of changes to the policy. The Town investment policy is well positioned. Staff does not believe any changes to the investment policy needs to be made at this time. The main objectives of Town investments include preservation of capital and protection of investment, maintenance of appropriate liquidity to meet cash flow needs, attainment of market rate of return, and diversification.
    [Show full text]