Date: May 30, 2018

Seeking to Optimize Corporate Liquidity (I)(F)

Session Description

This session will offer insight on balancing safety, liquidity and return through aligning liquidity segments with appropriate investment objectives and constraints that prudently structure corporate liquidity to opportunistically benefit from a shifting environment in which products, rates and regulations continue to evolve. 


Prudent liquidity management starts with cash forecasting that drives liquidity segmentation. Once the segments are defined, investment objectives and constraints are aligned to create the basis of a strong investment policy. To further strengthen participants’ understanding, the session will explore the applicability of investment alternatives with specific focus on prime money market and ultra-short bond funds. We will also examine product risks and explore total return as a performance measure.   


While a general overview may suffice for many topics, the devil is in the details regarding the management of corporate liquidity. Understanding the fine nuances within the liquidity markets may enable corporate managers to better assess the risk/return dynamics of these strategic liquidity alternatives.  

Speaker Information

Michael Morin is Director of Institutional Portfolio Management within the Fixed Income division at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity’s family of mutual funds. In this role, Mr. Morin is responsible for the delivery, implementation, and oversight of the institutional fixed income investment strategy. 


Before joining Fidelity in 2008, Michael spent ten years at JPMorgan Chase Bank as a Managing Director in their Worldwide Securities Services division. Previously, he held various trading positions at The Bank of New York Mellon Securities Lending Division for ten years. He has been in the investments industry since 1990. 


Michael earned his Bachelor of Science degree in finance and quantitative methods from Syracuse University and his MBA degree from Fordham University. He is also a CFA® charterholder.

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