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The committee conducted due diligence on the Connecticut Short Term Investment Fund, where about 70% of Greenwich’s cash was invested as of January 31, 2026. Members reviewed the fund’s portfolio, investment rules, fees, risk controls, and management practices, and expressed confidence in the safety of the investments.
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The committee examined how a major portion of the town’s cash is invested through the short-term fund. The fund’s manager said it avoids higher-risk investments and maintains a reserve of about $135 million for certain expenses. No changes to the town’s investment directive were approved, and no old or new business was discussed.
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