The Marion County Hospital District in Ocala, Fla., lost more than $12.1 million in value on its investments in 2018, according to the Ocala Star Banner.
At the end of 2018, the portfolio was valued at more than $235 million, a 4.9 percent decrease from its value of over $247 million at the beginning of the year.
The volatile stock market in December, when the Federal Reserve increased interest rates, contributed to the losses, according to the report.