MURFREESBORO, Tenn. – On Monday, the Board of Trustees of the Murfreesboro Community Investment Trust met to further discuss finding the right Outsourced Chief Investment Officer (OCIO) to manage funds generated by the City selling Murfreesboro Electric 3-years ago. An Outsourced Chief Investment Officer is an outsourced agency, often referred to as an asset management firm or investment consultant.
Board of Trustee members spoke to Brad Alford with Alpha Cap .
Murfreesboro, TN - The Board of Trustees of the Murfreesboro Community Investment Trust will meet Tuesday, March 22, 2023, at the Municipal Airport Business Center Community Room (1930 Memorial Blvd in Murfreesboro). The 4 p.m. meeting will be focused on the management of proceeds received from the sale of the Murfreesboro Electric Department to Middle Tennessee Electric.
Middle Tennessee Electric purchased Murfreesboro Electric in June of 2020 for $245 million. At closing, Middle Tennesse .