Florida Local Government Investment Trust
Investment ManagementFlorida, United States2-10 Employees
The Florida Local Government Investment Trust is an investment management organization that operates as a local government investment pool (LGIP) available exclusively to public entities in Florida. It was established to provide short- to intermediate-term investment vehicles that aim to keep funds liquid while seeking returns above typical money market rates, offering two open-ended funds: a Short-Term Bond Fund and a Day to Day Fund designed to meet cash management needs. The trust originates from collaborations between the Florida Court Clerks and Comptrollers and the Florida Association of Counties, with a history dating back to 1991, and holds a position as the longest-running member-governed LGIP in the state, and the first in Florida to obtain a Standard and Poor’s rating. It is based in Tallahassee, Florida, and serves public entities within the state, with senior client relationship management available to assist participants. The organization operates with a small team and emphasizes professional management of funds for local government cash needs, situating itself within the investment management industry focused on public sector clients.