Policy C12-009 - Portfolio Management

The purpose of this Policy is to provide specific guidelines regarding the portfolio management of the City’s investment accounts. This Policy ensures that City portfolios are invested to primarily achieve the preservation of capital, the maintenance of liquidity sufficient to meet ongoing financial requirements, the maintenance of proper diversification of investments and the maximum possible return on investment without exposure to unnecessary risk. All City investments are expected to be consistent with Modern Portfolio Theory and the Prudent Investor Rule will apply to all City Investment Accounts.