LONG TERM FUND

The Long Term Fund was created during Ron's first term of office to assist those state agencies who have longer term needs. It works off the principle that "the longer period of time money is invested the better the rate of return on that investment." The investment objective  is to provide a reasonable level of current income which, when combined with potential capital appreciation as measured on a long-term basis, will accommodate growth satisfying all potential distributions.

Ron recognized this need and outsourced the management of these funds to a local firm. During the first fiscal year of it's existence (July 1, 2000 - June 30, 2001) this fund had a net return of 11.96% after expenses. And from July 1, 2001 through December 31, 2001, a period of economic downturn for the nation, this fund netted a return of 8.24% after expenses.

If you compare the return on your personal or retirement portfolios during the same period of time, you can see why state agencies that are using this fund are ecstatic.

More Information on the Long Term Fund