The Pensions and Investments Division of the Budget & Finance Department manages the City's Operating Fund investments and Trust Fund investments. The Operating Fund typically contains $120 - $150 million, and is invested primarily in high grade fixed income securities. Trust Fund investments are more dependent upon specific Trust parameters, and are more diversified. All City investments are made in accordance with City Code of Ordinances Chapter 2, Article VI., Sec 2-438 - Investment of Funds of the City
. All investment activities follow the Prudent Investor Rule, and seek to maximize returns and limit risk.