Drummond: Private financial firm made...

Drummond: Private financial firm made gains for city in first year

Thursday Nov 22 Read more: The Wave

Results are in for the initial year of what is believed to be Yorba Linda's first-ever contract with a private financial firm for active management of a significant portion of city funds available for investment, since the city was incorporated in 1967. Based on a report compiled by consultants at the city-hired Public Financial Management's Los Angeles office, total returns were 0.62 percent since the company began managing the city's $44.6 million portfolio in March 2017.

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