Orange County Treasurer Chriss W. Street announced on August 16 that the $1.5 billion dollar Orange County Investment Pool and $1.8 billion dollar Orange County Educational Investment Pool were ranked as California's top government pools for the first quarter of 2007 according to TRACS Financial Research, an independent firm that monitors the monthly performance of state, county and local investment pools.
The Orange County investment pools were ranked as the nation's #3 and #4 government investment pools in 2006 according TRACS Financial Research. The top rated funds have increased their return by over twenty five basis points over the last six months and now yield 5.31% and 5.29% respectively.
"Our focus is to provide safety of principal and liquidity to our investors," said Treasurer Chriss Street. "I am pleased we are able to provide our constituents with competitive returns while maintaining our Moody's AAA rating and conservative investment style. The real winners are the taxpayers and school districts which benefit from the higher revenue."
"We have a bunch of hard working professionals in the office. We have given them a professional environment and the tools they need to succeed," said Street. "I am proud of what we have been able to accomplish."
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