Matching Investment Strategy to the New COVID-19 Landscape
Recorded On: 05/28/2020
Finance officers must stay aware of the many factors that impact a government's investments, especially given the new investment landscape in the wake of the COVID-19 crisis. While the core principles of an investment strategy–liquidity, safety, and return–rest within a government’s investment policy, knowing about market conditions, current events, and investment products are important to ensure your entity's access to liquidity as well as maintain longer-term investment strategies. Speakers for this session will provide an economic update and expert predictions on interest rates and other factors related to government investing, provide an overview of new products that are being used by your peers, and engage in conversation about what governments need to do in order to prepare for investing post-COVID-19 crisis and in the years ahead.
Assistant City Manager/CFO, City of Weston
Darrel graduated with a bachelor’s degree in finance from Florida Atlantic University and holds a Master’s of Science in Finance with a concentration in financial risk management from Florida International University. He is a currently a member of the GFOA Treasury & Investment Management Committee, the Florida League of Cities Investment Advisory Committee, and the Florida League of Cities Legislative Policy Committee on Finance, Taxation & Personnel. He is a past Board Member of the FGFOA and a past president of its South Florida chapter.
Darrel has been a speaker at the GFOA and FGFOA Annual Conferences and other events. He has attended the Leadership Broward Senior Executive Orientation and he has attended the GFOA Advanced Government Finance Institute. Darrel is also a recipient of the Florida League of Cities Home Rule Hero Award for outspoken protection for municipal home rule.
Darrel has been working with the City of Weston since 2006 and is currently the City’s Assistant City Manager/Chief Financial Officer. His responsibilities vary from investment and risk management; oversight of accounting and budget; and oversight of technology services, building code services and code enforcement.
Investment Officer, City & County of San Francisco
As Investment Officer/Co- Portfolio Manager of the City & County of San Francisco, Hubie is responsible for co-managing of the City’s $12+ billion dollar short duration fixed income portfolio. His responsibilities include active participation in setting of portfolio strategy, reviewing and analyzing macroeconomic data, performing security and cash flow analysis, and the day-to-day trading of the portfolio. Before joining the City in 2014, Hubie spent over 25 years at various asset management firms specializing in the management of short duration fixed income portfolios. These included numerous money market mutual funds, enhanced cash portfolios, securities lending cash reinvestment portfolios, and separately managed short duration fixed income accounts for corporations, municipalities, and individuals.
Hubie has earned the right to use the Chartered Financial Analyst (CFA) designation from the CFA Institute. He also earned the Certified Treasury Professional (CTP) designation from the Association of Financial Professionals. Hubie is a member of the CFA Institute, the CFA Society of San Francisco, and the Association of Treasury Professionals. He is the president-elect for CMTA, the president of IMPAC (The Investment Managers of Public Agencies Council) and is a member of the board of GIOA. Hubie received a Bachelor of Science in Business Administration from the Robins School of Business at the University of Richmond.
John M. Huber, CFA
Chief Investment Officer, PMA Asset Management, LLC
John joined the firm in 2013 to lead Prudent Man Advisors’ asset management business and investment process. He is responsible for portfolio management and directs the Advisor’s research and trading efforts. John is a proven investment leader with over 20 years of experience managing institutional cash, fixed income and balanced mandates.
From 2004 to 2012, John served as Chief Investment Officer and Senior Managing Director at RBC Global Asset Management U.S., a subsidiary of the Royal Bank of Canada. As leader of the fixed income investment team, John determined business strategy and directed the portfolio management process, research, trading and risk management efforts. Prior to RBC, John was a founding professional of Galliard Capital Management, a subsidiary of Wells Fargo Corporation. He was a Principal of Galliard and a Senior Portfolio Manager responsible for fixed income for various public, non-profit and corporate organizations.
John received his Bachelor of Arts from the University of Iowa and earned an MBA in Finance from the Carlson School of Management at the University of Minnesota. He is a Chartered Financial Analyst (CFA) charter holder and a member of the CFA Society of Minnesota.
Assistant Secretary Treasurer, The Metropolitan St. Louis Sewer District
Mr. Strahlman was hired by the District in January 2015. His role at The District includes managing The District's $600 million investment portfolio, assist with the issuance of approximately $200 million in revenue bonds annually, oversight of the District's Pension Plan, and assist in the direction of the day-to-day management of the Treasury Department. His previous experience includes treasury management positions at Metropolitan Pier and Exposition Authority in Illinois, and at the Cook County, Illinois Treasurer’s office. He holds a Bachelor of Science degree in Public Finance from Indiana University and a Masters of Business Administration from DePaul University.