Date Added: Aug 2009
What's the return on treasury? A large alternative investment manager obtained a partial answer while examining its cash management practices, including overnight investing. A few simple changes to its operating practices are now saving the company millions of dollars annually. And no, it isn't the installation of a whole new battery of processes, personnel or technology. Rather, it's the addition of a single, newly hired professional cash manager followed by an analysis and refinement of prior practices and procedures. Attention to a number of previously overlooked fundamentals can lead to significant returns and reduced risk for alternative investment managers.