New Whitepaper: Understanding Repurchase Agreements
Local government investment pools (LGIPs) are one of the most common investment products utilized by state and local governments nationwide. Because public funds must be protected while remaining liquid, LGIPs typically invest in low-risk, short-term instruments. One of the most common investments utilized in LGIPs are repurchase agreements, or “repo(s).” Repos are widely used in […]
Whitepaper: Commercial Paper Overview
Commercial paper (CP) is a high-quality, short-term credit instrument used in money market funds and local government investment pools (LGIP) to enhance portfolio yield, maintain liquidity and diversify holdings. This paper provides an overview of the commercial paper market, examines the different types of commercial paper and describes the role it plays in the portfolio […]
Whitepaper – GASB 79: Origin and Purpose
Following the 2008–09 financial crisis, the SEC implemented significant reforms to Rule 2a-7 governing money market funds, including floating net asset values and liquidity restrictions for institutional prime funds. Because GASB guidance for external investment pools had long relied on references to SEC money market fund rules, these regulatory changes created the need for a […]
Whitepaper: New Ethics Training Rules (SB 827)
With evolving regulations like California’s SB 827 ethics training rules, it’s important for public officials and finance professionals to understand what’s required, what’s changed, and how to stay ahead. Our latest white paper breaks it down: – Who needs to complete ethics training – Key requirements and timelines – Practical steps to ensure compliance Whether […]
Whitepaper: Understanding Repurchase Agreements
Local government investment pools (LGIPs) are one of the most common investment products utilized by state and local governments nationwide. Because public funds must be protected while remaining liquid, LGIPs typically invest in low-risk, short-term instruments. One of the most common investments utilized in LGIPs are repurchase agreements, or “repo(s).” Repos are widely used in […]
Whitepaper: Why Real Estate Drives California’s Fiscal Health
It has been stated time and again: Buying a home is the single largest investment most people make; home ownership is a key path to building wealth. For many, it is the American dream. But beyond the individual, what is real estate’s broader impact on the economy, communities, and society? Economy The real estate market […]
Investment Policy Updates for 2026: Changes to California Government Code
Have you incorporated the latest changes to California Government Code (CGC) into your agency’s investment policy? Changes to CGC occur periodically to refine existing laws or enact new laws. Effective January 1, 2026, Senate Bill 595: • Amends CGC, Section 5360l(h) to allow for the purchase of prime Commercial Paper (CP) with a maximum maturity of […]
Whitepaper: The Importance of GIPS Compliance
Prudent investment management requires selecting managers who uphold the highest standards of transparency, ethical responsibility, and performance integrity.