City of Traverse City ACT 345 Retirement System Board AgendaPacket 2026-06-30
Pension Fund Holds Alternative Credit with Freeport Financial
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Description
The ACT 345 Retirement System maintains an alternative fixed income allocation with Freeport Financial SBC, valued at approximately $224,000 and counted under the plan’s basket clause limit. This investment provides exposure to alternative credit strategies.
Contract Details
Vendor
FREEPORT FINANCIAL SBC
Agency
City of Traverse, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 30, 2026
Renewal Info
Ongoing alternative fixed income investment; market value updated periodically with no stated renewal date.
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City of Traverse City ACT 345 Retirement System Board AgendaPacket 2026-06-30
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City of Traverse City ACT 345 Retirement System Board AgendaPacket 2026-06-30
City of Traverse City ACT 345 Retirement System Board AgendaPacket 2026-06-30
City of Traverse City ACT 345 Retirement System Board AgendaPacket 2026-06-30
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