Officials in Aurora, Colorado, are looking to appoint Cutwater Asset Management to reallocate the city's portfolio, IM Weekly reports. The asset manager will help restructure the city’s portfolio back to corporate securities following its withdrawal from the investment vehicle in 2009.

Initially, the cost of recruiting Cutwater will be about $100,000, which the city will fund with the income generated from corporate securities investments, adds The Aurora Sentinel. The Aurora City Council is expected to make a decision on the appointment by mid-April.

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