• Joseph Speciale

Utah's $18,000,000,000 Public Secret

Did you know that the Utah State Treasurer runs what is effectively a $18,000,000,000 hedge fund for municipalities?

No? Most of us don't. Its not being kept a secret (more like a little discussed fact published on a website most people don't know exists) its very much out in the open. In fact, its right on the website of the Utah State Treasure office,, under the Public Treasures' Investment Fund link. There you can learn about the fund, its investment, return (2.47% in 2019), and other little nuggets of info.

What can't be found?

You, and I, can't know any specifics on our local municipalities invested in the fund. It is very difficult to hold our local leaders accountable to how they use our sacred tax dollars without access to the knowledge of their performance.

You, and I, can't see current activity in the fund nor current performance. Sure, we can read a quarterly report, but its long past time to make it easy to access and transparent.

This is an easy opportunity for transparency and accountability.

900 views0 comments

Recent Posts

See All


This was from a conversation I had on Facebook. This is how I answered questions like “What will you do?” and “Who are you?” A little about me. I am a husband, father of four, small business owner, an



  • Facebook

©2020 by Joseph Speciale

This site was designed with the
website builder. Create your website today.
Start Now