Advanced Public Investing

Training Type: 
Live Training
Course Status: 
Repeat Offering
Date and Time: 
Oct 6 2014 - 9:00am to 5:00pm  CDT
Oct 7 2014 - 9:00am to 5:00pm  CDT

New Orleans, LA (Hyatt Regency New Orleans)

601 Loyola Avenue
New Orleans, LA 70113
United States
+1 (504) 561-1234
Field of Study: 
CPE Credits: 
Member Price: 
Non-Member Price: 

Investing Public Funds

Senior Portfolio Manager
FirstSouthwest Asset Management
Vice President
FirstSouthwest Asset Management
Who Will Benefit: 

State and local government treasurers, investment officers, and other finance officers and their staff who are involved with the investment of public funds and investment oversight.

Program Description: 

Advanced Public Investing will provide participants a solid understanding of complex investment concepts that pertain to risk, return, portfolio strategies, and security analysis. This is an advanced course and participants will be expected to have a solid foundation in fixed-income securities and their various characteristics, investment economics, and passive and active investment strategies. It is strongly recommended that participants attend the GFOA Investing Public Funds seminar before attending this Advanced Public Investing seminar.

Topics Covered:

  • Risk concepts and metrics
  • Measures of returnBenchmarking portfolio performance
  • Active portfolio management strategies
  • Electronic tools for portfolio management
  • Best Practices on:
    • Creating an Investment Policy
    • Diversification of Investments in a Portfolio
    • Establishing a Policy for Repurchase Agreements
    • Monitoring the Value of Securities in Repurchase Agreements
    • Government Relationships with Securities Dealers
    • Investing Bond Proceeds
    • Managing Market Risk in Investment Portfolios
    • Mark-to-Market Reporting Practices for Public Investment Portfolios
    • Selection and Review of Investment Advisers

Advisories on:

  • Establishing a Policy for Reverse Repurchase Agreements
  • Securities Lending Programs for Non-Pension Fund Portfolios
  • Use of Derivatives by State and Local Governments for Cash Operating and Reserve Portfolios
  • Using Commercial Paper in Non-Pension Fund Investment Portfolios
  • Using Derivatives and Structured Investments


Seminar Objectives: 

Those who successfully complete the seminar should be able to:


  • Identify and use important risk concepts and metrics
  • Calculate measures of return
  • Use portfolio benchmarks to make and evaluate investment decisions
  • Determine which active portfolio strategy is appropriate in various interest rate scenarios
  • Perform options-adjusted spread analysis
  • Use electronic tools for portfolio management
  • Apply principles learned in the course in a simulation exercise that constructs a portfolio based on given market information


Recommended Other Reading: 

GFOA's best practices and advisories on Treasury and Investment Management

Registration Form: