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Meet The Honorable Adam M. Cloud
The Hartford City Treasurer is an elected official who, pursuant to the Charter of the City of Hartford, is the custodian and investor of all City funds. As City Treasurer, Mr. Cloud is responsible for an investment portfolio of approximately $1 billion dollars.
Adam M. Cloud, a lifelong resident of the City of Hartford, brings to the City Treasurer’s Office more than 20 years of experience in financial services with leading institutions. A former Director within the Public Finance Group of Advest, Inc., Mr. Cloud structured several billion dollars worth of bond transactions which financed infrastructures such as schools, parking facilities, and student housing. Locally, Mr. Cloud’s financings included The Bushnell, UConn and the Connecticut Children’s Medical Center. "
Notable Accomplishments of Treasurer Cloud's Tenure
Maintained a strong pension fund, which is one of the components contributing to the City`s excellent bond rating
Success of investment program results in lower cost of pension fund to City taxpayers through required contributions from the City as employer
Portfolio increasingly diversified to capture higher returns and reduce risk
Maintained conservative, prudent stance; replaced weaker managers with stronger ones