HomeMy WebLinkAboutPresentation ChandlerCity of Palm Springs
City Council Meeting
April 8, 2021
Chandler Asset Management | 1
Consider recommended changes to the City’s Investment Policy for 2021
•Align with CA, Govt State Code and Best Practices set forth for Public Agencies
•Chandler will integrate City’s preferences for Socially Responsible Investing (SRI/ESG) in
investment process
Chandler will bifurcate the total portfolio for liquidity and reserve
•City Staff will manage liquidity needs through LAIF and Checking
•Chandler to manage reserve portfolio
Select a longer duration Strategy for Reserve Portfolio
•Consider implementing Chandler’s Short Term Bond Strategy (Following a 1-5 year Government
Benchmark)
•Longer maturities imbed less liquidity than shorter strategies but promote higher historical returns
•Requires periodic rebalancing to maintain target duration
•Trades will be executed on a subject to approval process
Implementing Chandler Managed Investment Program
Council Considerations for the City’s Investment Program
CHANDLER ASSET MANAGEMENT | 800.317.4747 | chandlerasset.com | info@chandlerasset.com