Investment income from Ohio's state treasury account increased by more than 155% in 1995, after the state treasurer initiated an investment strategy that banned investments in certain derivative contracts.

Treasurer J. Kenneth Blackwell, a leader in a national movement to limit the use of complex derivatives by municipalities, said 1995 income on the $3 billion portfolio was up by about $113.6 million over the previous year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.