Date: May 31, 2018

Comparing New Investment Alternatives: Products and Strategies (I)

Session Description

This session will focus on concrete comparison of various cash management products, and important ways investment strategies can be updated to reflect the new cash management environment. 

 

After money fund reform, corporate treasurers are faced with increasing choices in alternative investments from government money funds to bond funds to separate accounts.  Investors will need to weigh various features of these investment products with their own cash management strategies and whether investment policies and cash segmentation strategies need to be re-evaluated. This session will provide an update for corporate treasurers and treasury professionals on alternatives available for managing cash, such as:

 

  • Government vs Prime MMFs and alternatives: discussion of the characteristics of each
  • Structuring cash and building a long-term strategy: what are industry trends for building a successful investment strategy?
  • Significant market developments that will further impact cash investing: Basel III, interest rates, EU reform

 

While these changes are happening, corporate treasurers are facing a host of other challenges impacting cash management, including low yields, bank regulations, and a shortage of supply. Staying abreast of these changes and strategically adapting are critical. 

 

Speaker Information

Tony Carfang, as a Managing Director of Treasury Strategies, a division of Novantas, sets the strategic direction of the firm and works with the consulting practice areas to help clients achieve their business objectives.

 

Tony helps guide many of the world’s largest banks and securities firms to position their services effectively in the marketplace, and worked with corporations to optimize their treasury management strategies. He is a vocal advocate of clients’ interests surrounding regulatory issues and liquidity management. He gave Congressional testimony on the merits of the Volcker Rule, appeared on CNBC’s Kudlow Report to debate proposed money market fund regulations, and was a guest on Bloomberg News to discuss the valuation of auction-rate securities.

 

Tony received his MBA from Northwestern University and BS from Duquesne University.

 

Ian Rasmussen is a Senior Director in the Business and Relationship Management group. He currently is focused on building Fitch’s presence in the short-term markets. Previously, Ian was the team leader of the Funds and Asset Management Ratings group specializing in rating money market funds, closed-end funds and conducting CLO manager risk reviews. Ian also worked in Fitch's credit policy group and focused on credit derivatives and structured finance.

 

Ian earned a BS in Finance from Southern Utah University and an MBA in Finance from Fordham University Graduate School of Business.

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