FROM: Don Pierce, Chief Investment Officer
SUBJECT: Investment Policy No. 019 (Counterparty Risk Policy)
RECOMMENDATION:
title
Recommend that the Board approve and adopt updates to Investment Policy No. 019 (Counterparty Risk Policy).
body
BACKGROUND:
General Policy No. 005 involves the periodic review of Board Policies and indicates that the Investment Committee shall review investment policies every three years.
Investment Policy No. 019 (Counterparty Risk Policy) was last reviewed in 2023.
Investment staff, NEPC, and our Legal department have conducted a review of Investment Policy No. 019 (Counterparty Risk Policy) and has found it consistent with current practice. Staff is therefore recommending renewal of Investment Policy No. 019 (Counterparty Risk Policy) without substantive change.
BUDGET IMPACT:
None.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Prudent Fiscal Management
STAFF CONTACT:
Don Pierce
ATTACHMENTS:
Exhibit A: Investment Policy No. 019 (Counterparty Risk Policy)