PFM Continues Managing Newport Beach OPEB Investments
City of Newport BeachCity · Newport Beach, CA- Document date
- Nov 7, 2026
The 30-second brief
PFM manages Newport Beach's OPEB trust investments under the PARS Balanced strategy. The portfolio uses a long-term investment horizon of at least seven years and reported a 14.36% annualized net return since PARS inception.
PFM holds this financial services contract with City of Newport Beach. Its other public contracts on record include work for City of Easton and Falcon Highlands Metropolitan District.
Term as filed: Ongoing; long-term investment horizon of 7+ years.
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Contract details
- Contract type
- Financial Services
- Document date
- November 7, 2026
- Term
- Ongoing; long-term investment horizon of 7+ years
- Vendor
- PFM
- Agency
- City of Newport Beach
- Source document
- City of Newport Beach AgendaPacket Finance Committee Meeting November 12, 2026 (AgendaPacket)
PFM's other public contracts
More City of Newport Beach contracts
Questions about this contract
Who was awarded the financial services contract by City of Newport Beach?
PFM was awarded this financial services contract by City of Newport Beach, as recorded on November 7, 2026.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Newport Beach AgendaPacket Finance Committee Meeting November 12, 2026 (AgendaPacket), dated November 7, 2026 from City of Newport Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does PFM hold?
PFM 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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