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Fair Value – A Transparent Look Into An Investment Pool’s Holdings

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GASB 79 has been in existence for seven years. In that timespan, many local government investment pools (LGIP) have availed themselves of the opportunity to pursue the amortized cost measurement exception it affords those LGIP managers whom decide to utilize it. In this whitepaper, California CLASS explores the realities of this exception in addition to why fair value security measurement and a AAAm rating matter to the California public agency investor.

To learn more about the oft-misunderstood area of local government investment pool GASB 79 adherence, the abstract practice of amortized cost security measurement, and the practical transparency that results from fair value measurement, download the Fair Value – A Transparent Look Into An Investment Pool’s Holdings whitepaper!

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Written By:

Laura Glenn, CFA ®

Senior Director, Investment Services
Public Trust Advisors, LLC


Any financial and/or investment decision should be made only after considerable research, consideration, and involvement with an experienced professional engaged for the specific purpose. The information presented should not be used in making any investment decisions. This material is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. Past performance is not an indication of future performance. Any financial and/or investment decision may incur losses.