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Treasurer: Chicago's investment income set to nearly double

from Bloomberg

Chicago’s investment portfolio is on track to earn nearly twice as much as it did last year as increased diversification and less cash on hand boosts revenue, according to projections from Treasurer Kurt Summers. The assets managed by the treasurer’s office — which vary from $6 billion to $7 billion throughout the year — have earned $56.7 million in the first six months of 2016 and may return a total of $102 million by year-end, according to Summers. That compares to $57.9 million in 2015. more

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