WARREN — Trumbull County Treasurer Agostino Ragozzino is seeking permission from Trumbull County’s Investment Advisory Committee to hire Meeder Public Funds to handle the long-term investments of the county’s assets.
Jim McCourt, director of advisory services for Meeder, told commissioners and members of the county’s Investment Advisory Committee that his company would advise the county to invest approximately 80% of its $195 million in long-term investments, leaving 20% to be used for day-to-day operations.
Tuesday’s presentation was part of a joint meeting of Trumbull commissioners and Trumbull’s Investment Advisory Committee.
“This was informational,” Commissioner Denny Malloy said. “We do not vote on whether the company will be contracted to represent the county.”
Meeder Public Fun