State and local governments rely on taxpayer funding for the maintenance and betterment of their communities. Many public funds also support the pensions of government employees.
Volatile financial markets, current low interest rates, and regulatory hurdles all influence public funds’ investment and operating strategies.
Our Public Funds clients not only benefit from our range of investment solutions, including Outsourced CIO and pension plan solutions, among others, but they also gain an investment advisor that often has direct experience in their particular market, due to our geographic footprint and local client service model.
Objectives
State and local governments rely on taxpayer funding for the maintenance and betterment of their communities.
Many public funds also support the pensions of government employees.
Volatile financial markets, current low interest rates, and regulatory hurdles all influence public funds’ investment strategies.
Common objectives our clients convey include:
√ Balancing return objectives to close a pension plan funding shortfall while reducing funding-level variability.
√ Maximizing short-term balance sheet assets in a persistently low interest rate environment
√ Growing assets, but with a focus on portfolio preservation and defensive risk management.
√ Managing bond proceeds to expected cash outlays.
Solutions
Our Public Funds clients not only benefit from our range of fixed income investment solutions, but they also gain an investment manager that often has direct experience in their particular market, due to our geographic footprint and local client service model.
Common solutions for our Public Funds clients include:
√ Customized liability-hedging portfolios for pension funds
√ Customized cash portfolios for local government investment pools or portfolios with maturities matched to scheduled disbursement dates
√ Diversified investment portfolios that emphasize quality and risk-adjusted returns