Investment Advisory Committee Meeting August 3, 2026

The City of San Clemente Investment Advisory Committee met on August 3, 2026, to review and discuss the city’s investment portfolio performance, economic outlook, and potential adjustments to investment strategies. Key procurement-related discussions included the approval of adding Great Pacific Securities to the city’s approved broker list to enhance price discovery and market information. The committee also deliberated on increasing the allocation to credit assets within the Chandler-managed portfolio, aiming to balance safety, liquidity, and yield while maintaining compliance with investment policy limits. They agreed to maintain the current 50/50 structure between city-managed and Chandler-managed investments but planned to gradually increase credit exposure as maturities occur. Additionally, the committee discussed the need to update the pension investment policy, potentially seek advisory services through a contract amendment with Empower, and the possibility of issuing an RFP for asset advisory services. Motions to approve the broker addition and maintain the current investment structure were passed unanimously. The meeting also covered portfolio characteristics, cash flow forecasts, and economic factors influencing investment decisions, such as inflation and bond yields.