Invest Wisely: A Primer on Local Government Investment Pools

Invest Wisely: A Primer on Local Government Investment Pools By Ron Shelby Local Government Investment Pools (LGIPs) first emerged in the early 1970s as an innovative way to give cities and counties access to a large portfolio of money market instruments at lower transaction costs. Connecticut started the trend. Georgia joined the crowd in 1981. And, now there are more than 100 LGIPs with assets of more than $250 billion in 44 states.  They can be an excellent cash management...