(A) Safety. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital. As such, the Board shall diversify the aggregate investments to ensure that adverse or unexpected results will not have an excessively detrimental impact on the entire portfolio. Diversification may be interpreted to include diversification by asset type, characteristic, number of investment managers, investment style.
(B) Liquidity. The investment portfolio shall remain sufficiently liquid to enable Board to meet all operating requirements, which might be reasonably anticipated.
(C) Return on Investment. Assets shall be invested to achieve attractive real rates of return. Following the Prudent Person Standard for preservation of capital, assets will be invested to achieve the highest possible rate of return, consistent with the plan's tolerance for risk, as determined by the Board in its role as a fiduciary.
(Ord. 2710-99, passed 10-20-99; Am. Ord. 21-1696, passed 4-7-21)