Discussion Guidelines Initial Post Assume you are advising a pension fund for a city's police and fire departments. The amount under management is $100 million. Currentiy, the contributions from the pension fund members are approximately the same as the fund's outflows. This cash flow balance is expected to be unchanged for the next few years. in your initial post of between 250 and 500 words, provide a very brief outline of how the bond component of the investment portfolio should be managed. Currently. the portfolio is roughly: 0 50% equity (indexed to the S&P 500) o 5% cash equivalents - 45% long-term debt (You are not asked to comment on this overall allocation.) 0 Specifically, you are asked to provide a set of guidelines, for example. four or five restrictions on permissible investments, transactions. and overall portfolio characteristics that effectively control the total amount of risk in the bond portfolio while still allowing reasonable return expectations