Ignite San Diego

Ignite San Diego

Local business spotlight

County-Managed Government Money Investment Pool Rises to $8.8B

By SDBJ Staff
|  Tuesday, May 6, 2014  |  Updated 7:22 AM PDT
View Comments (
)
|
Email
|
Print
$8.8B in County's Investment Pool

Getty Images

The San Diego County investment pool that manages excess cash from some 100 local government agencies and invests it in safe securities has grown to $8.8 billion in assets, the second-largest such investment pool in California.

The fund, which is managed by County Treasurer-Tax Collector Dan McAllister, received the highest credit rating from Standard & Poor’s, AAAf, making it 13 years in a row it’s achieved that rating.

In addition to managing money belonging to 42 public school districts, it manages funds for five community college districts, the San Diego County Regional Airport Authority, Sandag, the Metropolitan Transit Service and several smaller cities and water, fire and cemetery districts.

A 10-member oversight committee regularly reviews the fund’s operations. Ben Dillingham was recently named chairman of the oversight committee, a job formerly held by Vernon Evans, who retired as chief financial officer of the Airport Authority in March.
 

 The Business Journal is the premier business publication in San Diego. Every day online and each Monday in print, the Business Journal reports on how local business operate and why businesses leaders make the decisions they do. Every story is a dose of insight into how to run a better, more efficient, more profitable business.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out