Greenwich IAC conducts due diligence on CT STIF portfolio, governance
Board of Estimate & Taxation Investment Advisory Committee · Meeting of March 3, 2026
CT GREENWICH — Greenwich Investment Advisory Committee reviews CT STIF fund governance with 70 percent of town cash invested. Committee Chair Elliot Alchek and members Sally Bednar and Joseph Pellegrino conducted due diligence with Paul A. Coudert, Principal Investment Officer of CT STIF, over governance and portfolio composition.
Bednar questioned whether the fund's foreign bank holdings comply with Connecticut municipal investment statutes; Coudert clarified that STIF operates under separate state authority permitting broader investments. The Committee expressed confidence in STIF management after reviewing the fund's 1.5 basis point fee structure and its 135 million dollar reserve fund.
In the full story:
- The complete report — 276 words
Source: the Board of Estimate & Taxation Investment Advisory Committee meeting of March 3, 2026, reported from the official video recording and transcript.
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