A Smart Investment for Local Governments
Government officials leading local governments have a fiduciary responsibility to protect the public funds of their citizens, to act in the best interest of their respective entities, to maintain the safety and an appropriate level of liquidity of these funds, and to attain competitive returns for the portfolios of those funds. Further, officials generally are required to protect these deposits with insurance, collateralization, or other means. These requirements can be both complex and time-consuming for public fund managers.
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