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

City of Pasadena logoCity of Pasadena
Disclosed value
$1,980,000 (rebalance and withdrawal amount)
From agenda
Approved
May 20, 2026
Term
March–April 2026 rebalance period

The 30-second brief

What it covers

The Board approved Verus Investments’ preliminary recommendation to rebalance the portfolio and withdraw $1,980,000 from fixed income assets to fund pooled cash needs for March–April 2026 pension payroll. This action implements Verus’ tactical cash management guidance.

Who holds it

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

What happens next

Term as filed: March–April 2026 rebalance period.

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Contract details

Contract type
Financial Services
Amount
$1,980,000 (rebalance and withdrawal amount)
Document date
May 20, 2026
Term
March–April 2026 rebalance period
Vendor
Verus Investments
Agency
City of Pasadena
Source document
Pasadena Fire & Police Retirement System Regular Meeting Agenda 2026-05-20 (Agenda)

Verus Investments's other public contracts

City of Pasadena, CaliforniaBoard Authorizes Price Extension Talks with Verus · May 20, 2026UndisclosedCity of Pasadena, CaliforniaBoard Consents to Assign Verus Advisory Contract · May 20, 2026UndisclosedCity of Pasadena, CaliforniaBoard Extends Pricing and Assigns Verus Advisory Contract · May 20, 2026UndisclosedCity of Pasadena, CaliforniaVerus Guides Portfolio Rebalance and Invesco Exit · Mar 18, 2026UndisclosedCity of Pasadena, CaliforniaBoard Approves $1.98M Rebalance Recommended by Verus · Mar 18, 2026All 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 May 20, 2026. The contract value is $1,980,000 (rebalance and withdrawal amount).

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 (rebalance and withdrawal amount), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Pasadena Fire & Police Retirement System Regular Meeting Agenda 2026-05-20 (Agenda), dated May 20, 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.

What is City of Pasadena currently buying?

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

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