HARTFORD, CONN (January 5, 2021) - Today, Adam M. Cloud, Treasurer of the City of Hartford and the Secretary of the Pension Commission issued the following statement:
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HARTFORD, CONN (December 22, 2020) – Treasurer Cloud issued the following comments on COVID-19 and the status of operations of the City Treasurer’s Office.
Greetings, MERF Retirees and Active Members. I hope this note finds you and your families safe and well.
HARTFORD CITY TREASURER ADAM CLOUD STATEMENT ON MERF VALUATION
HARTFORD, CONN (August 13, 2020) – Treasurer Cloud issued the following statement regarding the MERF Portfolio Market Value.
On August 10, the MERF’s investment portfolio was valued at one billion, sixty one million dollars, representing a post-Global Financial Crisis high. This valuation reflects a sharp rebound back over the billion-dollar valuation mark that was last reached before the onset of the COVID-19 pandemic. As I had communicated at that time, our prudent investment approach incorporating conservative positioning and an emphasis on liquidity, diversification and opportunistic risk taking would continue to serve us well. To date, I am pleased to report that this approach has helped the MERF withstand the historic market turbulence of the last six months. We will maintain this approach as we seek to ride out the remainder of this unprecedented crisis. I am proud of this accomplishment and credit the Pension Commission, my investment team and the continued funding provided by the City and our employees in helping to achieve this result.
Greetings. I hope this note finds you and your family well.
The spread of COVID-19 has disrupted daily life across the entire United States, including our great city of Hartford. Clearly, we remain in the midst of an extremely serious and grave public health crisis. I want to thank and commend everyone on the front lines providing health care, ensuring public safety, supporting our children through school closures and volunteering their time to lend a hand to a fellow citizen. I also applaud those working at grocery stores, pharmacies and elsewhere who are providing essential services to all.
Suspension of In-Person Open Meeting Requirements. Sections 1-206, 1-225, and 1- 226 of the Connecticut General Statutes, and any open meeting provision of any municipal charter, ordinance, or regulation that conflicts with this order, are suspended to the extent necessary to permit any public agency to meet and take such actions authorized by the law without permitting or requiring in-person, public access to such meetings, and to hold such meetings or proceedings remotely by conference call, videoconference or other technology, provided that: