Our financial health is stronger than ever due to having CCG on our team. We first engaged CCG as asset manager and financial advisor in 2013 and have been very pleased with their performance.
As asset manager, CCG Asset Management is a part of our Emerging Manager program to manage city funds including reserve and bond portfolios. Active management has been very beneficial for the city as we continue to outperform our benchmark every quarter for more than two years.
As financial advisor, CCG has exceeded our expectations. They’ve advised us on refunding several complicated outstanding issues that will result in savings of a little less than $5M over the remaining life of the bonds. Operationally, CCG has saved the parking division more than $1M.
Most importantly, CCG worked with credit agencies to recently upgrade the parking division’s rating.
Tishaura Jones, Treasurer