CONTRACTAPPROVED

City of Pasadena Awards Financial Services Contract to Verus Investments (March 2026)

Disclosed value: $1,980,000 (funds to be withdrawn for pension payroll); From minutes
Approved: Mar 18, 2026

What it covers

The Board approved Verus Investments’ recommendation to rebalance the portfolio and withdraw $1,980,000 from pooled cash for March–April 2026 pension payroll. This action implements the advisor’s short-term cash funding strategy.

Who holds it

Verus Investments holds this financial services contract with City of Pasadena.

What happens next

Term as filed: March–April 2026 (rebalance and withdrawal period).

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Contract details

Contract type: Financial Services
Amount: $1,980,000 (funds to be withdrawn for pension payroll)
Document date: March 18, 2026
Term: March–April 2026 (rebalance and withdrawal period)
Vendor: Verus Investments
Agency: City of Pasadena
Source document: Pasadena Fire & Police Retirement System Minutes Regular Meeting 2026-03-18 (Minutes)

Verus Investments's other public contracts

City of Pasadena, CaliforniaBoard Authorizes Price Extension Talks with Verus · May 20, 2026Undisclosed City of Pasadena, CaliforniaBoard Approves $1.98M Rebalance per Verus Advice · May 20, 2026 City of Pasadena, CaliforniaBoard Consents to Assign Verus Advisory Contract · May 20, 2026Undisclosed City of Pasadena, CaliforniaBoard Extends Pricing and Assigns Verus Advisory Contract · May 20, 2026Undisclosed City of Pasadena, CaliforniaVerus Guides Portfolio Rebalance and Invesco Exit · Mar 18, 2026Undisclosed All Verus Investments contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Pasadena?

Verus Investments was awarded this financial services contract by City of Pasadena, as recorded on March 18, 2026. The contract value is $1,980,000 (funds to be withdrawn for pension payroll).

How much is the Verus Investments contract with City of Pasadena worth?

The Verus Investments contract with City of Pasadena is valued at $1,980,000 (funds to be withdrawn for pension payroll), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Pasadena Fire & Police Retirement System Minutes Regular Meeting 2026-03-18 (Minutes), dated March 18, 2026 from City of Pasadena. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Verus Investments hold?

Verus Investments may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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Explore City of Pasadena's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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