The questions were prepared by the League of Women Voters of the Cincinnati Area or League of Women Voters of Ohio and asked of all candidates for this office.
Read the answers from all candidates (who have responded).
Questions & Answers
1. What additional safeguards will you put in place to protect public investments? What are your investment strategies that would safely maximize the rate of return? (150 word limit)
Investment activities for the Treasurer of State are regulated by the parameters established by office investment policies and the Ohio Revised Code.
They are, in order:
1. Safety: This is the most important objective of public funds management; making preservation of principal our highest priority.
2. Liquidity: Each portfolio must be structured to meet projected operating requirements; accomplished through careful cash flow analysis.
3. Return: Our investment professionals use the policy guidelines to develop prudent strategies that ensure that the portfolios we manage are properly positioned to weather Ohio's budgetary and economic cycles which safely maximizes interest earnings and meeting industry standard performance benchmarks
Additional Safeguards
· Tightened trading policy; establish limits and guidelines for individuals authorized to conduct investment transactions.
· Strengthened the Securities Lending Policy; further regulate lending agents and counter party activities.
· Reguire Investment Committee strategy review sessions and establishing daily/weekly reporting requirements.
Responses to questions asked of each candidate are reproduced as submitted to the League.
Read the answers from all candidates (who have responded).
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