About

About Public Funds Investment Institute

We are a nonprofit organization dedicated to empowering participants in the $4 trillion public funds investment market with insights, tools and resources to help them make well-informed investment decisions.

Our Mission

Our mission is to provide timely data and news, cutting-edge research, and best-practices advocacy to promote the common interests of public funds investors.

Our Vision and Values

We focus exclusively on the unique needs and interests of public funds investors, supporting a community for investors to connect, share best practices, and stay up-to-date on the latest trends and developments in public funds investing. We strive to be a leading resource and advocate for public funds investors, promoting best practices, strong governance, and positive impact on society.

Expertise

We want to be the go-to resource for news and analysis, offering insights and knowledge gained from years of experience in the industry.

Integrity

We hold ourselves to the highest ethical standards, ensuring independence, transparency and honesty in all of our interactions.

Collaboration

We foster a collaborative community of investors who share best practices and work together towards common goals.

Impact

We believe in the positive impact that public funds investing can have on society and are dedicated to promoting responsible investment practices that benefit the greater community.

Our Leadership

Marty Margolis

FOUNDER
Marty Margolis founded the company that grew into PFM Asset Management, the nation’s premier public sector investment manager. He led the company for 40 years until it was acquired by a regional bank in 2021. He pioneered in creating the first grass roots local government investment pool in the nation (Pennsylvania) the first state-sponsored non arbitrage pool (Virginia), the creation of a multi-asset class outsourced chief investment officer product, and the development of a robust national separate account business. When he left PFMAM in 2021 it had $150 billion of assets under management.

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Insights

State-Sponsored Local Government Investment Pools: Trends and Opportunities

An overview of state-sponsored local government investment pools and an engaging discussion of current issues, trends, and opportunities. That is the content of a webinar organized by the National Association of State Treasurers earlier this week. https://www.youtube.com/watch?v=Vd_QDJqIMgU The webinar was moderated by the Hon. Mike Pellicciotti, Washington State Treasurer. I participated along with Stuart Williams, […]

What to Expect in a Government Shutdown

I have no idea what the outcome of the government shutdown will be. There is no predicting, and any forecasts are laden with political overtones. But it sems useful to look back at the effects of the last prolonged shutdown, December 2018-January 2019, to see how the economy and financial markets responded. That shutdown lasted […]

State and Local Government Investment Assets Show Growth Despite Economic and Fiscal Uncertainty

State and local government investment assets grew by $110 billion, to $4.1 trillion in the second quarter of 2025, a surprisingly strong pace given the high level of economic and political uncertainty. • The growth of three percent in the quarter and eight percent in the 12-month period extends a trend of expanding investment assets […]