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File Number: 13-527 <br />The balance of the City’s portfolio is with Chandler Asset Management . These investments <br />range from one to four years in maturity. The attached report notes that the City is in <br />compliance with all provisions of the City’s Investment Policy . The basic strategy <br />recommended by Chandler is to gradually lengthen the average maturity of the portfolio in <br />order to gain higher interest rates. Staff is in agreement with this approach , and carefully <br />monitors maturity dates to ensure that both short and long-term liquidity needs are met. <br />ATTACHMENTS <br />·Investment Report for Quarter Ended September 30, 2013 as submitted by Chandler <br />Asset Management. <br />PREPARED BY: David Baum, Finance Director, Finance Department <br />Page 2 City of San Leandro Printed on 10/29/2013