Investment policy

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Far below normal precipitation has caused a drought and increased fire danger levels. All of Connecticut is currently in a Stage 2 Drought Advisory. Residents are encouraged to be mindful of water consumption and use extra caution to prevent fires. An emergency burn ban remains in effect at all state parks, forests, and wildlife management areas, prohibiting the use of all outdoor grills, firepits, campfires, etc.

Investment policy

The investment objective of the Short-Term Investment Fund is to provide the greatest income while, first, ensuring the preservation and safety of principal, and, second, providing immediate liquidity to meet participants' daily cash flow requirements.

STIF lowers risk by investing in high quality, well-diversified securities with relatively short average maturities. In addition, STIF maintains a reserve of approximately one percent of fund assets to protect against losses

In June 2023, Treasurer Russell approved and adopted a revised STIF Investment Policy Statement. The only change made to the existing Investment Policy Statement is additional clarity on the role of the STIF Advisory Committee. See updated policy below:

Link:

Investment Policy

The Office of Treasurer Erick Russell

Investment policy