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South Carolina State Treasurer’s investment portfolios investment policy statement
South Carolina Office of the State Treasurer
South Carolina Office of the State Treasurer
Abstract
The South Carolina Office of the State Treasurer is responsible for the administration, management, and investment of the State’s funds. The investment of Government Investment funds is managed through multiple investment portfolios to preserve capital, while maintaining liquidity and obtaining the best relative rates of return. This IPS defines the investment objectives of the STO Government Investment Portfolios and establishes policies and procedures so that investment objectives can be met in a prudent manner. This IPS is intended to: Articulate the objectives of the STO Government Investment Portfolios and set forth in writing the expectations, objectives, and guidelines for the investment of the STO Investment Portfolios’ assets; Formulate policies and guidelines regarding permitted investments, benchmarks, and asset allocation strategies; Identify roles of specific entities having fiduciary responsibility to the STO; • Establish guidelines, consistent with Performance Standards defined herein, for monitoring investment risk and evaluating investment performance.
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))