In the News
The Federal Reserve meets next week, and it will, once again, decide what interest rate the economy needs to get inflation under control while continuing to grow. The aim is to get back to a normal economy. The calculation, however, depends on what your definition of “normal” is and what interest
One Year After SVB The Throne Sits Empty
One year after Silicon Valley Bank’s implosion, the venture debt market has yet to crown a new king. When the bank, which held accounts for almost 50% of VC-backed tech and life science companies in 2022, collapsed on March 10, 2023 , the impact saw widespread financial panic among startups
How to Evaluate ESG in Cash Investments
While environmental, social, and corporate governance (ESG) investing became something of a political hot potato in 2023, it’s increasingly clear that ESG isn’t likely to go away. Treasury professionals responsible for their organization’s institutional cash investment portfolios need to understand the ins and outs of ESG investing. But with more
Money Market Funds: Safe Keeping For Excess Cash
Recent bank failures prompted outflows of U.S. bank deposits into systemically important banks, but money market funds — less used by treasurers and CFOs the past few years — also benefited. About $30.3 billion was poured into U.S. money-market funds (MMFs) in the week of April 12, according to
Look past headline risk, seek out high-quality credits, and position maturities for a possible default “X-date.” _________________________ Lance Pan, CFA Once again, it’s time for CFOs and corporate cash investors to start focusing on another debt ceiling showdown in Congress. In a January 19 letter, Treasury Secretary Janet Yellen declared
Managing Cash Portfolios at an Inflection Point
2022 proved to be a defining year for institutional cash investors. An era of low interest rates that lasted more than a decade was flipped on its head, as we entered a new era of interest-rate increases amidst a confluence of economic events. The Federal Reserve tightened policy at a
Corporate Cash Finally Finds Some Yield
For the first time in a while, there’s enough yield in short-term cash investing to make CFOs and treasurers notice. Relatively safe and liquid money market funds, Treasury bills, and other credit instruments have attractive rates again because of the Federal Reserve’s interest rate hikes. Inflation, of course, has also
Turbocharging Early-Stage Biotech Growth With Venture Debt
Turbocharging Early-Stage Biotech Growth With Venture Debt Source: Life Science Leader By Stefan Spazek The COVID-19 pandemic, an aging population, and other dynamics have dramatically increased demand for life sciences innovations in 2020 and 2021. And the biopharma industry has responded by raising record amounts of venture capital to fund
Northern Trust Corp. is shutting down a money-market mutual fund after volatility in March spurred redemptions that sent it below a regulatory threshold for maintaining liquidity. The $1.7 billion Northern Institutional Prime Obligations Portfolio will stop accepting new investments next month and start selling its holdings under a liquidation plan set for July 10,
Watch the video: Click the above video for a sneak peak of survey results from our survey, THE STATE OF THE DEBT FINANCING MARKET. Hosted by Stefan Spazek, EVP – Director of Debt Placement. Emerging Growth Companies Can Still Borrow – But with Tighter Conditions – in COVID-19 Slowdown