The investment portfolio will be managed in accordance with the parameters specified within this policy. A series of appropriate benchmarks shall be established against which portfolio performance shall be compared on a regular basis. The benchmarks shall be reflective of the actual securities being purchased and risks undertaken. The Treasurer will establish a series of appropriate benchmarks, based on a Benchmark Index, which portfolio performance shall be compared on a regular basis.
(Prior Code, § 3.A08.110) (Ord. 2018-22, passed 12-12-2018)