Madison County’s Investment Portfolio on the RiseArchived Message
Posted by Blu on October 21, 2018, 7:22 pm
Slusser presented an investment report to the Finance and Government Operations Committee showing the increase in investments that’s been made since he took office in December 2016.
“Our total holdings have increased from $148 million to $154 million,” Slusser said.
Slusser said he implemented changes in the management of the investment portfolio, and it now earns more interest. As a former investment adviser, Slusser noticed yield opportunities were missed because of a lack of diversification, below-market rates on money markets, and a passive management approach.
“I diversified the portfolio and increased municipal bond holdings,” he said.