Media – Whitepapers
June 22, 2016
Introduction There has been an increasing amount of coverage in the financial news media recently about the United Kingdom’s upcoming referendum regarding membership in the European Union (EU). On Thursday, British citizens will vote on the question: “Should the United Kingdom remain a member of the European Union or leave
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June 1, 2016
Abstract In this research commentary, we offer a behind the scenes look at the credit approval process for cash investment portfolios. We discuss nine essential components to help clarify a process that can sometimes seem mysterious and intimidating. Beyond Ratings – What Makes Cash Unique The Credit Universe – It’s
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May 5, 2016
Abstract Three C’s - China, commodities and central bank actions – contribute to a slower and shallower path for higher rates Many market pundits continue to argue for one or two rate hikes this year, but most debt investors now accept that the fed funds will return to the normal
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May 4, 2016
Increased competition among lenders in the corporate debt financing market is leading many companies to evaluate refinancing options. More advantageous terms can extend amortization schedules, free up cash flow, or even increase their leverage to build out operations and pursue acquisitions. Unlike equity, debt can often times be refinanced to
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May 2, 2016
Survey Goal To shed light on treasury departments’ efforts to mitigate liquidity risk in short-term cash investment, debt and forecasting practices and changes over time. Seven Key Things We Learned From the 2016 Survey Ignoring Bank Exposures Treasury and financial professionals have not materially changed their exposure to Bank Deposits
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April 1, 2016
A Robust Market in Spite of Headwinds Following a healthy run-up in total venture capital investing in the U.S. in 2014 and 2015, venture capital-backed companies now are sailing against economic and financial headwinds. In 2016, stock market volatility, a dramatic slowdown in new IPO listings, and the possible tapering
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March 1, 2016
Abstract For institutional cash investors unsure of separately managed accounts in a rising interest rate environment, our scenario analysis suggests that a laddered portfolio of agency and corporate securities with a modest WAM could outperform the government money market fund proxy with negligible unrealized loss concerns in a rising rate
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February 1, 2016
Abstract Greater vigilance is required of today’s treasury investment professionals. Neither bank deposits nor money market funds alone may be appropriate in the post-crisis, post-regulatory environment. As yields start to rise, cash investment strategy decisions that may have been delayed will require serious consideration. Direct purchases in separately managed accounts
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January 4, 2016
Abstract 2016 will be a year of transition on many fronts for corporate cash investors. The Federal Reserve is expected to remain accommodative in removing monetary stimulus. There will be increased clarity following money market fund reform in October. Credit markets should also manage well through moderate credit deterioration and
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January 1, 2016
Capital Advisors Group is a Boston area-based institutional investment advisor that has been helping venture-backed companies invest their cash assets for more than 25 years. Its debt finance consulting division helps early stage companies, both public and private, determine their optimum capital structure, identify appropriate lenders, source term sheets and
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