Three Degrees of Liquidity
Jason Singer, Managing Director, Head of International Cash Portfolio Management, Goldman Sachs Asset Management
The recent market turmoil has increased the focus in terms of liquidity management for treasurers. In Issue 179's Leader article, Jason Singer explains how a straightforward division of liquidity into three categories - primary, secondary, and tertiary - can reap instant rewards and provide a more stable balance between return, risk, and liquidity.
The article investigates how unfolding market events and evolving technology should prompt treasurers to review their policies on a regular basis, and that by dividing liquidity into three categories the process of reviewing and improving a company's risk management policies can become much more than a one-off project.
In addition to this, the article examines the use of Money Market Funds for their short-term investment strategy.
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Treasury Management International showcases topical, pragmatic solutions and strategic insights on treasury, cash management, foreign exchange and other issues affecting treasury and financial professionals, together with treasury and finance news, education and opinion. With real-life treasury management experiences and case studies at its core, TMI provides valuable material for all practitioners - from experienced treasurers and CFOs to those new to the profession.
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